ROME, June 14 Intesa Sanpaolo Chief executive
Carlo Messina, asked whether his bank would intervene to rescue
two ailing Veneto-based banks, said on Wednesday: "let's see how
the situation develops."
Italy is scrambling to find a solution for Banca Popolare di
Vicenza and Veneto Banca and avert the risk of them being wound
down by the end of the month. The European Commission has
demanded an additional injection of private capital for 1.25
billion euros ($1.4 billion) before any state aid can be used.
Sources have said that Intesa and domestic rival UniCredit
, which already helped bail out the two banks last
year, are considering whether to pump more money into them.
($1 = 0.8871 euros)
(Reporting by Massimiliano Di Giorgio, writing by Silvia