Italy banking crisis - UniCredit to sell off shares in desperate bid to avoid collapse - InvestingChannel

Italy banking crisis – UniCredit to sell off shares in desperate bid to avoid collapse

“Italy’s largest bank is preparing to unveil a £10.9billion (€13bn) rights issue this week.  UniCredit is expected to announce the sale in London and outline plans to offload assets and wide-ranging cuts. Then bank, which came bottom of Europe’s summer stress tests, is already selling off its Polish operations and its asset management arm to boost capital. ”