Shares of Italian bank UniCredit UCG, +0.95% edged higher as it laid out plans to cut 8,000 jobs by the end of 2023. At its London capital markets event, UniCredit said it was targeting 2023 revenue of 19.3 billion euros ($21.4 billion) and an underlying profit of 5 billion euros, and the rollout of what it calls a "paperless retail bank" in Italy next year and in Germany and Austria in 2021. UniCredit said it plans to return 8 billion euros in capital to shareholders from 2020 to 2023.
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December 03, 2019 at 03:56PM
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UniCredit edges higher after plan to cut 8,000 jobs - MarketWatch
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