[MILAN] Jean Pierre Mustier, the chief executive officer of UniCredit SpA, pulled out of the running to take the helm at HSBC Holdings plc, adding more uncertainty to the executive suite as the UK...

[MILAN] UniCredit, Italy's biggest bank by assets, said on Tuesday that it would eliminate 8,000 jobs in Western Europe and close 500 branches by 2023 to cut costs by a billion euros.