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UniCredit to slash jobs, raise 13b euros in fresh capital

UniCredit's share price has fallen by half this year, meaning that existing shareholders stand to see a considerable dilution of their holdings when the bank sells new shares.


ITALY'S biggest bank, UniCredit, announced plans on Tuesday to slash 14,000 jobs and raise billions of euros in fresh capital as fears of a banking and political crisis grip the country.

The bank, one of the worst performers in European bank stress tests, confirmed that it...

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