MILAN Feb 12 Italy's fourth biggest bank, Banco
Popolare, said on Wednesday a consortium of 21 banks
and brokers will underwrite its upcoming capital increase of up
to 1.5 billion euros ($2.05 billion).
BofA-Merrill Lynch, BNP Paribas,
Santander and HSBC are among the 16 foreign banks and
brokers in the consortium, which will be led by UBS
Italy's top two banks Intesa Sanpaolo and UniCredit
are also among the underwriters of the cash call,
which Banco Popolare announced unexpectedly last month and
expects to launch out by the end of April.
Three other Italian lenders - Monte dei Paschi di Siena
, Banca Carige and Banca Popolare di Milano
- are due to tap the market in the coming months. All
are among the 15 Italian banks being scrutinised in a
sector-wide health check by the European central Bank.