MILAN (AP) — UniCredit, Italy's largest bank, has posted a record 15 billion-euro ($21 billion) loss in the fourth quarter, as it moved to clean up its balance sheet with write-downs and bad loan provisions. UniCredit also announced a strategic plan through 2018 that foresees a net profit of 2 billion euros this year, tripling to 6.6 billion in 2018.
Reported by SeattlePI.com 10 hours ago.
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