UniCredit offers investors $2.2 billion buyback as staff face further cuts
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MILAN/LONDON (Reuters) - UniCredit promised 8 billion euros (£6.87 billion) in dividends and share buybacks on Tuesday in a bid to revive its sickly share price, although profit at Italy's top bank will barely grow despite plans to shed 9% of its staff.Like other European banks, UniCredit is grappling with negative interest rates which make lending unprofitable, while Italy's stagnant economy and unstable politics are compounding its problems, outweighing years of successful..