Italy's Atlante fund tells Vicenza, Veneto banks to examine tie-up

Banca Popolare di Vicenza headquarters in Vicenza, Italy, March 5, 2016. REUTERS/Stefano Rellandini/File Photo

MILAN (Reuters) - The Italian bank bailout fund that owns Banca Popolare di Vicenza and Veneto Banca has told the two ailing lenders to examine a possible tie-up and present a plan by year end to ensure their survival, it said on Friday. Quaestio Capital Management, which manages the Atlante fund, said in a statement it had sent a letter to the top management of both banks urging them to detail the measures they intend to adopt to return to profitability and "ensure business continuity". (Reporting by Silvia Aloisi, editing by Isla Binnie)