Italian banks: Spectral forms

Print section
Print Rubric: 

Two lenders seal a merger, while another ponders its options

Print Headline: 

Spectral forms

Print Fly Title: 

Italian banks

UK Only Article: 
standard article


The threat from Russia

Fly Title: 

Italian banks



Main image: 

Will they Passera?

Will they Passera?

FROM the mists of Italian banking, new shapes are emerging. One is at last becoming flesh: on October 15th the shareholders of two lenders, Banco Popolare and Banca Popolare di Milano, approved a merger that has been months in the making. The substance of another—Banca Monte dei Paschi di Siena, the world’s oldest bank as well as Italy’s most troubled—is still shrouded, but it is likely to become clearer at a meeting of Monte dei Paschi’s board on October 24th.
The merged bank, to be …

Postal Savings Bank of China looks to overseas investment with jumbo IPO

Postal Savings Bank of China has thrown its doors open to global investors with a jumbo Hong Kong IPO. While the share price has not moved much since the deal closed, the Hong Kong listing offers long-term benefits to the lender, which is eyeing potential business overseas. Stefania Palma reports.