Senior Italian Bankers to Meet Monday over Sale of Four Banks: Sources

Italy’s economy minister has called a meeting with some of the country’s top bankers on Monday to discuss stalled efforts to sell four small banks that were rescued from bankruptcy last year, sources said.

Bank of Italy Governor Ignazio Visco was expected to join the gathering, which comes just days after sources said the European Union had agreed to extend a Sept. 30 deadline for the sale of the troubled lenders.

Il Messaggero newspaper reported at the weekend that the European Central Bank had rejected a plan put forward by UBI Banca to buy three of the four banks — Banca Marche, Banca Etruria and CariChieti.


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.