Italy bank showdown looms in test for European consolidation
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MILAN/LONDON (Reuters) - As many bankers fled Italy's financial capital for second homes in the mountains or lakes at the start of a coronavirus lockdown in March, Victor Massiah rushed instead to rent a house within walking distance of UBI Banca's Milan offices. And that is where the 61-year-old CEO has since spent most of his waking hours, battling not only to pull the bank through a pandemic that devastated its core areas in Italy's industrial north, but also to see off a takeover he opposes...