Intesa Sanpaolo, which has more branches than any other bank in Italy, has reportedly told unions it could merge or close nearly one fifth of them to cut costs.<br /><br />At the same time, Chief executive, Enrico Cucchiani, told shareholders at the annual general meeting in Turin that the bank would not be able to repeat its first-quarter performance for the rest of the year. <br /><br />...<br />http://www.euronews.net/
