UniCredit posts fourth quarter loss on one-off hits, revenues top forecast
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MILAN (Reuters) - Italy's biggest bank UniCredit on Thursday posted a lower-than-expected fourth quarter net loss driven by one-off costs and writedowns of problem loans, while meeting its full-year underlying net profit target.UniCredit has undergone a major restructuring in the past three years under French boss Jean Pierre Mustier, who has slashed costs, dumped bad debts and sold assets, shrinking the bank's international presence.His latest such move was the decision in December to pull out..