Strong sales of bank, several industry dossier – La Stampa

          

Strong sales on banking shares weigh on the major stock indexes the Business Square. The industry appears thwarted in Europe, but Italy is definitely geared to the bottom with the index FTSE Italy Banks that gives 3.05 percent. They drive the patrol downside the Banco Popolare (-3.9%), Unicredit (- 3.65%), MPS (-3 , 36%) and BPM (- 3.16%). Also in red Bper (-2.96%), Mediobanca (- 2.28%) and Ubi Banca (-4.72%). Carige gives 10.31% of its stock market value. The sector index so back on the other quotations yesterday but maintains with its 11,271 points still have the edge on the minimum in 9339 of 9 February.

The big news on the horizon for Italian banks if they see relatively few.

The position of the Democratic Party for an extension from 7 to 18 mortgage payments do not pay for a possible seizure of property by the banks is a relative novelty. It is a change of perspective on a dossier still under development, but some banking operators have noted that the seizure and sale of property by the families for the banks last resort which is used as little as possible. The criticality of the world emerged from the credit bail-in of the four regional banks and the crisis of Popolare di Vicenza and Veneto Banca are linked to plots among managers and entrepreneurs who obtained easy loans in exchange for the repurchase of securities, and the support to them managers at the meeting.
In many cases they have emerged true blacks funds, but the mismanagement is not attributable to the loans granted to households.

As for the aggregation assumptions seem to filter out contradictory signs of confidence by the ECB to the possible merger between Banco Popolare and BPM in the event of merger will have to manage and compress around 8 billion euro deteriorated in common dismissing as soon as possible but without loosing too much. The last hypothesis would be to sell in three and a half years of suffering. It also would point to a governance with three vice-presidents.
There is also tension in the Single Supervisory Board of the ECB which is in its first operation of this kind, but the long processing time are doing in the meantime doubts emerge from unions that could further weigh down the file to which you now He is working for months.

On Carige undoubtedly weigh signs that the ECB would require a new plan for the group. The Malacalza reference shareholders have promoted a change of management proposing Giuseppe Tesauro, president and CEO Guido Bastianini. The ECB has called for a new business plan by March 31, 2016 providing for the reduction of risks. In 2015 the loss of the Ligurian bank has grown to 101.7 million euro.

Meanwhile, at home Unicredit it is reported that Vice President Luca Cordero di Montezemolo has called for a modernization from the Governance and a more streamlined board of directors with fewer mandates and the abandonment of “old-provincial logical” that they look abroad. This is another pressure factor after recurring rumors speak of several members lobbied for a change of pace and governance which could also involve the CEO Federico Ghizzoni.

(GD)