UniCredit closes $20bn bad loan sale with Fortress, Pimco
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UniCredit closes $20bn bad loan sale with Fortress, Pimco

MILAN: Italian bank UniCredit has signed a final agreement with US funds Fortress and Pimco on the sale of bad loans worth 17.7 billion euros ($20 billion) in Italy s biggest such deal so far. UniCredit has led clean-up efforts among Italian banks which have been left with billions of euros of bad loans following the

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