FITD and MCC to invest $1.1bn in Banco Popolare di Bari.

Fondo Interbancario di Tutela dei Depositi, a depositor protection fund, and Banca del Mezzogiorno-Mediocredito Centrale, a state-owned bank, agreed to invest $1.1bn in Banco Popolare di Bari, an Italian cooperative lender. “A key step has been taken to strengthen the bank’s capital and its governance which will pave the way for the start of its relaunch,” Banco Popolare di Bari.