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UniCredit's Capital Plan: Where Does the Money Go?

UniCredit's Capital Plan: Where Does the Money Go?

Dec.13 -- UniCredit is planning a rights offer to raise $13.8 billion, combined with selling off bad loans and cutting costs in a bid to boost profitability. Andrew Sheets, chief cross-asset strategist at Morgan Stanley, and Bloomberg's Michael Moore examine the bank's overhaul on "Bloomberg Markets: European Open."