Italy's biggest bank to slash 14,000 jobs

Posted online December 13, 2016 | 12:01 pm

Italy's largest bank has plans to raise $13.8 billion and slash thousands of jobs to improve its finances.

UniCredit SpA intends to cut 14,000 jobs by 2019 - roughly 10 percent of its employees.

The move is expected to save the company $1.2 billion.

Read more from CNNMoney.

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