This will not only provide transparency to investors in terms of which parts of the banks are healthy and which are not, but crucially will enable the bank to raise capital quickly. Unicredit (Italy's 2nd largest bank by market capitalisation, but largest by assets), posted a EUR 15bn loss as it increased loan loss provisions and wrote down goodwill from acquisitions. Together with plans to cut the workforce by 6% to restore profitability, Unicredit, like Intesa is readying itself for cleaning up its balance sheet ahead of the ECB stress test.