The Traderszone Network

Published in TZ Latest News 25 April, 2015 by The TZ Newswire Staff

UBI CEO says foreign banks ‘not queuing up’ to buy in Italy

Foreign banks are not “queuing up” to buy lenders in Italy after a government reform that is expected to spur a wave of mergers and acquisitions targeting cooperative banks in the euro zone’s third biggest economy, its chief executive said. “I have not seen queues (by foreign banks) to enter Italy,” UBI CEO Victor Massiah told reporters on the sidelines of a shareholder meeting that approved the bank’s 2014 accounts.