ECB sends 'final notice' on Banco Popolare-BPM merger

Frankfurt lays down conditions, uphill climb

(ANSA) - Milan, March 17 - The European Central Bank (ECB) has laid down its conditions for the proposed merger of Banco Popolare and Banca Popolare di Milano (BPM), ANSA sources said Thursday. The ECB reportedly sent a 'final notice' to the two credit institutes on Wednesday evening, imposing its requirements for the merger.
    It has not been said what these conditions are, although it has been suggested the Milanese and Veronese banks could now face an uphill climb.
   

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