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
Italy’s biggest bank posts shock €14bn lossIrish Independent
Italy’s UniCredit in stunning $21B loss, plans turnaroundSTLtoday.com
UPDATE 2-Italy’s UniCredit posts record $19 bln loss after writedownsReuters
Irish Times
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