Milan

Bank of Italy asks BPM to evaluate joint-stock move

Report of bank only partially favourable

Bank of Italy asks BPM to evaluate joint-stock move

Milan, July 25 - Banca Popolare di Milano has been asked to better evaluate its planned transformation from cooperative lender into joint stock company, according to Bank of Italy documents presented to the lender's board relating to a recent inspection, the results of which were only partially favourable to the bank.

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di Rosario Pasciuto