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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. ....
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. ....
Italian Economy Minister Daniele Franco said on Wednesday the government will take care to safeguard jobs and the local economy in the case of a takeover of struggling bank Monte dei Paschi di Siena by larger rival UniCredit. ....