Italy’s economy minister has called a meeting with some of the country’s top bankers on Monday to discuss stalled efforts to sell four small banks that were rescued from bankruptcy last year, sources said.
Bank of Italy Governor Ignazio Visco was expected to join the gathering, which comes just days after sources said the European Union had agreed to extend a Sept. 30 deadline for the sale of the troubled lenders.
Il Messaggero newspaper reported at the weekend that the European Central Bank had rejected a plan put forward by UBI Banca to buy three of the four banks — Banca Marche, Banca Etruria and CariChieti.
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