Italy's UniCredit says Mustier to stay on as CEO

Italy's biggest bank UniCredit said on Monday Chief Executive Jean Pierre Mustier had confirmed he would remain in his role, following media reports that he was being considered for the top job at rival HBSC.

UniCredit has recently launched a new plan through 2023 and its "whole management team, including Jean Pierre Mustier, is fully focused on its successful execution", the bank said in a statement.