ROME: The Italian bank bailout fund that owns Banca Popolare di Vicenza and Veneto Banca has told the two ailing lenders to examine a possible tie-up and present a plan by year end to ensure their survival, it said on Friday.
Quaestio Capital Management, which manages the Atlante fund, said in a statement it had sent a letter to the top management of both banks urging them to detail the measures they intend to adopt to return to profitability and “ensure business continuity”.
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