UniCredit to Beat Cost-Cut Target in 2012, CEO Ghizzoni Says
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UniCredit will cut costs this year more aggressively than planned, beating targets approved in November, Chief Executive Officer Federico Ghizzoni said.
“There is a daily battle on costs, and I’m sure we will beat our plan in this respect this year,” Ghizzoni said in an interview on Bloomberg Television in London today. “The worst is over for Italy and for UniCredit.”