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Unicredit German unit to take significant portion of job cuts under new plan - source

UniCredit’s German arm is set to take a significant portion of the around 3,000 voluntary redundancies expected under the Italian bank’s new business plan, a person close to the matter said. ....

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Italy seeks EU approval to stay in MPS for "years" - source

Italy plans to negotiate with the European Commission a "long extension" of the deadline to cut Rome's 64% stake in ailing bank Monte dei Paschi di Siena (MPS) , a source close to the matter told Reuters. ....

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