UniCredit is a leading European commercial bank with an international network spanning 50 markets, with more than 9, 000 branches and over 148, 000 employees. The Group operates in 17 European countries and benefits from a strong European identity, extensive international presence and broad customer base.Its strategic position in Western and Eastern Europe gives the group one of the region's highest market shares.
In Romania, UniCredit Tiriac Bank is one of the main financial institutions, providing services and quality products for all client categories. In all its activities relating to human resources management and relationship with communities, follows the UniCredit Integrity Charter: fairness, transparency, respect, mutuality, freedom and trust.
Stockmarket safety net gone
The spectacular collapse of Enron Corp. has raised fresh questions about every fiber in the safety net woven over the years to protect investors from major losses. Among those drawing renewed scrutiny are the big credit-rating agencies, which provide investors with vital assessments of companies' ability to service their debts.
Critics say both Moody's Investors Service and Standard & Poor's Corp., the nation's dominant credit raters, failed to thoroughly scrutinize Enron and moved too slowly to lower the company's ratings.
Enron's demise also has revived larger questions that date back at least to 1975 and the agencies' failure to downgrade New York's debt before the city plunged into fiscal chaos