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Banco Popolare and BPM shareholders vote on merger

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    The merged bank would be the largest lender in Northe Italy, one of Europe's richest regions: Photo: Giuselle Cacace/AFPBanco Popolare and BPM shareholders are set to vote Saturday on a proposed merger to create the country's third-largest lender, a much-anticipated accord expected to consolidate Italy's troubled banking sector. It is not yet a done deal: while the Banco Popolare votes are widely believed to be in the bag, there are fears shareholders at the Banca Popolare di Milano (BPM) may sink the merger, with two associations of former BPM employees set against it. The bank wrote to shareholders Monday to urge them to tu out and cast their ballots at the extraordinary meeting on forgin...

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