May 7, 2020 / 5:05 PM / a month ago

BRIEF-Banco BPM can step up cost cuts if needed to offset virus hit-CEO

May 7 (Reuters) - Banco BPM CEO Giuseppe Castagna tells analyst call:

* BANK IS READY TO STEP UP COST CUTS IF NEEDED TO OFFSET IMPACT OF COVID-19

* BANK COULD CLOSE MORE BRANCHES, DELAY INVESTMENTS AND CUT PERSONNEL AND ADMINISTRATIVE EXPENSES - SLIDE (Reporting by Milan Newsroom)

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