Italy's UniCredit to cut jobs and raise billions

ReutersNewsPublished: December 13, 2016
Published: December 13, 2016

Italy's largest bank, UniCredit, has unveiled plans to raise 13 billion euros ($13.8 billion) in the nation's biggest share issue. As Sonia Legg reports, the lender is trying to shore up its balance sheet and distance itself from Italy's broader banking crisis.

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