UBI doesn't rule out Monte Paschi tie-up but won't be pushed into bad deal: CEO

April 25, 2015 4:32 PM

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UBI doesn't rule out Monte Paschi tie-up but won't be pushed into bad deal: CEO

BERGAMO, Italy (Reuters) - UBI (UBI.MI), Italy's fifth-biggest bank, does not rule out a tie-up with troubled Monte dei Paschi di Siena (BMPS.MI) but will not be pushed into an unwanted deal, its chief executive said on Saturday.

UBI is one of 10 cooperative banks that the government is forcing to convert into joint-stock companies within 18 months.

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