Italy's Unicredit is expected to unveil 5K in job cuts and plans to raise €7.5B in a rights...

Italy's Unicredit is expected to unveil 5K in job cuts and plans to raise €7.5B in a rights issue. The bank - with a book of €38B of government debt -  forgot the maxim to raise capital when you can, not when you have to, and now will have to tap markets following a near 50% plunge in shares this year.