Advertisement
UK markets open in 3 hours 36 minutes

  • NIKKEI 225

    36,818.81
    -1,260.89 (-3.31%)
     

  • HANG SENG

    16,090.96
    -294.91 (-1.80%)
     

  • CRUDE OIL

    85.23
    +2.50 (+3.02%)
     

  • GOLD FUTURES

    2,406.40
    +8.40 (+0.35%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • Bitcoin GBP

    49,769.27
    -193.18 (-0.39%)
     

  • CMC Crypto 200

    1,267.28
    +381.74 (+41.06%)
     

  • NASDAQ Composite

    15,601.50
    -81.87 (-0.52%)
     

  • UK FTSE All Share

    4,290.02
    +17.00 (+0.40%)
     
Money:

Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

Italy lower house passes cooperative bank reform; moves to Senate

Reuters - UK Focus

ROME, March 12 (Reuters) - Italy's lower house on Thursday approved a reform that converts the country's largest cooperative banks into joint stock companies, a measure that, if passed by the Senate, is expected to spur mergers between the so-called "popolari" lenders.

The Chamber of Deputies voted 290 to 149 to pass the government decree that scraps ownership limits and voting system that gave shareholders one vote each regardless of the size of their stake. The reform now moves before the Senate.

Shares (Berlin: DI6.BE - news) in the popolari banks, including Banca Popolare di Milano and Popolare Emilia Romagna, extended gains after the vote. (Reporting by Steve Scherer, editing by Valentina Za)