Tuesday, December 13, 2016

UniCredit to raise billions and cut jobs  de  es  fr  it  nl  sl  sv  bg  hu  no  ru  tr

Image copyright Reuters. UniCredit, Italy's biggest bank, is planning to raise €13bn (£10.9bn) and cut 14,000 jobs over the next two years in a bid to return to financial health. The bank plans to use the record rights issue to help remove almost €18bn of bad debt from its balance sheet and boost profitability.

bbc 8:38:00 AM CET

This cluster belong to the following story: Italy's Renzi is asked to delay resignation

Keywords: Italy / Matteo Renzi, European Union / government, political, referendum, italian, vote, constitutional, minister, premier

Start date: Saturday, November 26, 2016

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