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Report: Italy, bank chiefs discuss Popolare di Vicenza, Veneto Banca cash calls

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Report: Italy, bank chiefs discuss Popolare di Vicenza, Veneto Banca cash calls

The CEOs of UniCreditSpA and Intesa SanpaoloSpA met with Italian regulators to talk about the proposed set to be carried outby Banca Popolare di Vicenza SpAand Veneto Banca SCpA,Reuters reported April 5, citing "a source close to the matter."

In order to meet the ECB's capital requirements, the two lendersmust execute the cash callsand have their shares listed on the Milan stock exchange in the next few weeks.There are worries, however, that this could be problematic given the challengingmarket climate, the newswire noted.