Italian bank UniCredit reports record 14bn-euro loss – BBC News


BBC News
Italian bank UniCredit reports record 14bn-euro loss
BBC News
Italy’s biggest bank, UniCredit, has reported a record annual loss of 14bn euros (£11.7bn; $19bn) and said it plans to cut 8,500 jobs. The bank, Italy’s biggest by assets, put aside 13.7bn euros to cover losses from bad loans in 2013. UniCredit is
With $21 Billion Loss, Italian Bank Signals Wider VulnerabilitiesNew York Times
Italy’s UniCredit posts record $19 billion loss after writedownsReuters UK
Italy’s biggest bank posts shock €14bn lossIrish Independent
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