Offers received for good banks returned to sender, a new auction to be launched soon

Il Sole 24 Ore-ItalyEurope24 has learned that late Thursday night a letter was sent to the three parties attempting to acquire the banks - or some of their assets - that emerged from last November’s rescue of Cassa di Risparmio di Ferrara, Banca Etruria, Banca Marche and Cassa di Risparmio di Chieti rejecting the offers. The new auction should wrap by end-August...