Exclusive - ECB is happy with UniCredit plan, has made no new request: source

UniCredit's chief executive told investors on Tuesday the European Central Bank is satisfied with a turnaround plan announced by the bank in December and has made no additional requests, according to a source who attended the meeting. In a preliminary document for an upcoming 13 billion-euro ($14.01 billion) rights issue, the bank said on Monday the ECB had asked it to present a plan to reduce its bad loans by Feb. 28, fuelling concerns among some investors that the regulator could demand extra