Chief Financial Correspondent, Italy, Milan
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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.

Jan 22, 2014
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    • 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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