"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.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: nbcchicago - 🏆 545. / 51 Read more »