Smaller Italian banks with outdated business models at risk: Bank of Italy
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ROME (Reuters) - Smaller Italian banks which can't adapt to transformations that are reshaping the sector are at risk and the government should act to help them stay in business, a senior Bank of Italy official said on Thursday.Speaking at a parliamentary hearing on the rescue of unlisted cooperative bank Popolare di Bari, Bank of Italy Deputy Governor Alessandra Perrazzelli stressed the importance of emergency measures approved by the government, including the possibility for state-owned bank..