UniCredit chief executive Federico Ghizzoni is revising a business plan introduced last year, prompted by the expectation that low interest rates will continue to hurt profitability in coming years. Photo: Bloomberg UniCredit chief executive Federico Ghizzoni is revising a business plan introduced last year, prompted by the expectation that low interest rates will continue to hurt profitability in coming years. Photo: Bloomberg
UniCredit chief executive Federico Ghizzoni is revising a business plan introduced last year, prompted by the expectation that low interest rates will continue to hurt profitability in coming years. Photo: Bloomberg

Italy's UniCredit weighs job cuts in sign of profit pressure

Italian bank joins Barclays and UBS in slashing workforce as low interest rates hurt profitability

UniCredit chief executive Federico Ghizzoni is revising a business plan introduced last year, prompted by the expectation that low interest rates will continue to hurt profitability in coming years. Photo: Bloomberg UniCredit chief executive Federico Ghizzoni is revising a business plan introduced last year, prompted by the expectation that low interest rates will continue to hurt profitability in coming years. Photo: Bloomberg
UniCredit chief executive Federico Ghizzoni is revising a business plan introduced last year, prompted by the expectation that low interest rates will continue to hurt profitability in coming years. Photo: Bloomberg
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