MILAN: Italy’s banks face a pivotal week after Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) and Dutch group ABN Amro threw down the gauntlet over the Bank of Italy’s restrictions on foreign takeovers in the sector.
The central bank, facing the biggest test of its policy of barring foreign banks from controlling local lenders. must decide whether to block BBVA and ABN from bidding for two Italian firms.
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