FILE - In this file photo dated Tuesday, Dec. 13, 2016, the entrance of the UniCredit tower at the Porta Nuova business district in Milan, Italy.  Italian bank UniCredit said Thursday Nov. 8, 2018, that one-off provisions to cover any settlement for alleged U.S. sanctions violations in Iran and a write-down on its Turkish unit dropped third-quarter profits by 99 percent.
FILE - In this file photo dated Tuesday, Dec. 13, 2016, the entrance of the UniCredit tower at the Porta Nuova business district in Milan, Italy. Italian bank UniCredit said Thursday Nov. 8, 2018, that one-off provisions to cover any settlement for alleged U.S. sanctions violations in Iran and a write-down on its Turkish unit dropped third-quarter profits by 99 percent. Luca Bruno, FILE AP Photo
FILE - In this file photo dated Tuesday, Dec. 13, 2016, the entrance of the UniCredit tower at the Porta Nuova business district in Milan, Italy. Italian bank UniCredit said Thursday Nov. 8, 2018, that one-off provisions to cover any settlement for alleged U.S. sanctions violations in Iran and a write-down on its Turkish unit dropped third-quarter profits by 99 percent. Luca Bruno, FILE AP Photo

Iran sanctions, Turkish write-down hit UniCredit profit

November 08, 2018 01:51 PM