Chief Financial Correspondent, Italy, Milan
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Jan 26, 2014
Jan 26, 2014
Jan 26, 2014
Jan 26, 2014
Jan 24, 2014

Banco Popolare, Popolare Milano troubles put Italy banks in focus

MILAN, Jan 24 (Reuters) – Two Italian mid-sized lenders came
under the spotlight on Friday as Banco Popolare
announced it would need a capital increase and Banca Popolare di
Milano’s top investor sold his stake in the bank.

The announcements highlight the fragility of the country’s
second-tier banks, some of which are grappling with soaring bad
loans as an Italian economic crisis hits small and medium

Jan 24, 2014
Jan 24, 2014
Jan 24, 2014
Jan 24, 2014
Jan 23, 2014

ECB review to spur M&A among small Italian banks-Intesa CEO

DAVOS, Switzerland, Jan 23 (Reuters) – A health check of
euro zone lenders led by the European Central Bank is likely to
trigger mergers among mid-sized Italian banks and big disposals
of bad loans, the head of Italy’s No. 1 retail bank Intesa
Sanpaolo told Reuters TV on Thursday.

Carlo Messina, who took over as chief executive in
September, said larger Italian banks such as Intesa Sanpaolo
were in a better position to withstand the ECB’s Asset Quality
Review (AQR), which he said would be a very tough exercise – and
not just for Italian banks.

    • About Lisa

      "I have been a correspondent for 13 years, reporting on banks, financial regulation and EU politics from London, Brussels, Zurich and Milan. I have also written about a variety of business sectors, general news, the arts and sport. As Chief Financial Correspondent for Italy, I keep a close eye on top Italian business stories, particularly Fiat and banking."
      Joined Reuters:
      English, Italian, French, German, Dutch, Spanish
      2010 Reuters Star Performer Award
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