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UniCredit Posts Record Loss, Plans 8500 Job Cuts – Bloomberg

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UniCredit Posts Record Loss, Plans 8500 Job Cuts
Bloomberg
UniCredit SpA (UCG), Italy's biggest bank, posted a record 15 billion-euro ($20.8 billion) fourth-quarter loss as it set aside money for bad loans and wrote down goodwill from acquisitions. It plans to cut 8,500 jobs. Provisions for doubtful loans ...
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