Exclusive - ECB is happy with UniCredit's turnaround plan: source
By Silvia Aloisi and Paola Arosio MILAN (Reuters) - UniCredit , Italy's biggest bank, has assured investors the European Central Bank is happy with its turnaround plan and will not require it to book more writedowns on its bad loans than already envisaged, a source said on Tuesday. UniCredit shares fell on Monday when it revealed the ECB had asked it to present a plan to cut bad loans by Feb. 28, raising concerns the regulator could demand extra measures. UniCredit plans to raise 13 billion euro
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