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Intesa: shock losses but shares rise

Reuters Business
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March 28, 2014 AT 10:55 AM
Intesa Sanpaolo, Italy's biggest retail bank, posts a shock 4.5 billion euro loss due to heavy writedowns on bad loans and impairments - but woos investors with a new recovery plan. Hayley Platt reports on whether the worst is over for Italy's troubled banking sector.