UniCredit shares soar on plan to raise billions – BBC News

UniCredit shares soar on plan to raise billions
BBC News
Shares in UniCredit have jumped almost 15% after Italy’s biggest bank said it would raise €13bn (£10.9bn) and cut 14,000 jobs to restore its fortunes. The bank plans to use the record rights issue to help remove almost €18bn of bad debt from its
Italy’s UniCredit and Mediaset boost European shares to 11-month highReuters
UniCredit shares set for biggest one-day gain since 2010Reuters UK

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