Fiat banks seen strapped in for a bumpy ride


By Christian Plumb MILAN, June 27 (Reuters) - When Fiat announced its latest turnaround plan on Thursday, Italy's two top bankers rushed to praise it. UniCredito Chief Executive Officer Alessandro Profumo called it "rigorous and credible", while Corrado Passera, his counterpart at rival Banca Intesa said it showed "rigour in restructuring and at the same time strong attention for the group's relaunch." In fact, Intesa, UniCredito and Italy's other big banks have little choice but to ...

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