Italy looks like fertile ground for a mega merger deal in banking

"If you assess individual banks in Italy, it's difficult not to believe that something will happen, I would say, over the next 12 months or so," Antonio Reale, co-head of European banks at Bank of America, told CNBC.

"If you assess individual banks in Italy, it's difficult not to believe that something will happen, I would say, over the next 12 months or so," Antonio Reale, co-head of European banks at Bank of America, told CNBC. "UniCredit, BMPS and some medium sized banks are likely to play a role in the potential future consolidation of the banking sector in Italy," De Caro added.

"Monte dei Paschi is looking for a partner, UniCredit is looking for possible targets. Hence from these banks, in theory several combinations could arise. However, no bank is in urgent need," she told CNBC via email.

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Italy looks like fertile ground for a mega merger deal in bankingYears after a debt crisis in the region and a government rescue for Banca Monte dei Paschi, analysts are looking at Italy’s banking sector with fresh…
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