You can't stay in the middle of the ford much longer. This is the opinion expressed by the Management Board of Banca Popolare di Milano after the information from CEO Giuseppe Castagna on the last meeting with the ECB on the merger project with Banco Popolare.
The Milanese bank hopes for quick choices and hopes to bring home Frankfurt's substantial go-ahead for the wedding within about ten days, also in view of the meeting which on April 30 will have to elect the new Bpm supervisory board.
In this regard, Bpm and Banco Popolare are already working on the latest refinements to the merger plan, with an eye both to the disposal of non-performing loans and to the governance of the new group, but then it will be up to the ECB to show speed and realism to do not let such an important consolidation project within the Italian credit system go up in smoke.
