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The intention was also to bring to light the situation in subsidiaries of foreign banks in Italy. Already several hundreds of jobs have been cut due to the effect of the financial crisis on the parent companies, including GE Money, Macquarie Bank, JP Morgan, Citibank and Lehmann Brothers. Unions expect further job cuts. Afffiliates FABI, FIBA/CISL, FISAC/CGIL and UILCA demonstrated outside ABI (Association of Italian Banks) in Milan on 5 March.



Press release in Italian