Sanpaolo CEO says Fiat shake-up won't change loan

Newswire

ROME, May 31 (Reuters) - A shock management shake-up at Fiat will not change the way bankers view a key loan the struggling Italian industrial group must pay back next year, the head of Sanpaolo IMI bank said on Monday. Ferrari Chief Luca di Montezemolo was named Fiat's new chairman on Sunday to take over from Umberto Agnelli who died last week. In protest, respected Chief Executive Giuseppe Morchio, the banks' point man on the loan deal, resigned. Eight banks gave Fiat a three billion ...

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