Tag: bad loans

Italy’s Largest Bank Announces 14,000 Job Cuts To Stay Afloat

The banking sector is under severe pressure from all sides,  and coming up with the necessary solutions proves to be challenging. To make matters worse for Italy’s largest bank, they are forced to let go 14,000 of their employees. Additionally, they will need to raise 13 billion Euros to get rid of their bad debt–not a happy Christmas for a lot of employees, that much is certain. UniCredit Cuts Workforce …
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