Italy's banks turn a corner as UniCredit rakes in €13bn

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Italy's banks turn a corner as UniCredit rakes in €13bn

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Italy - Milano - UniCredit | usage worldwide Photo by: Lars Halbauer/picture-alliance/dpa/AP Images | Lars Halbauer/Lars Halbauer/picture-alliance/dpa/AP Images

A big step in restoring Italy's banking sector to health was taken successfully this week, when the fifth biggest EMEA equity sale ever raised €13bn for UniCredit.

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