Italian bank tie-ups offer exit from profit torpor

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Italian bank tie-ups offer exit from profit torpor
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Italian bank tie-ups offer exit from profit torpor LJucca

Banca Monte dei Paschi di Siena Chief Executive Marco Morelli told a shareholder meeting on April 11 the board was considering possible tie-ups.

Banco BPM Chief Executive Giuseppe Castagna on April 6 appeared to play down an interest in Tuscany-based MPS by saying his bank was more interested in banks close to its northern Italian home turf.

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