Milan, Feb, 12.
The endeavours of the Italian Premier, Signor Mussolini, to rationalize Italian banking have resulted in the merger of two of Italy's largest banks, namely, Credito-Italiano. and Banca-Nazionale de Credito, the joint stock capital of which exceeds one billion Lire while their reserves are estimated at double this sum. The two banks will remain separate units: the former transacting all ordinary tanking operations, whilst the latter jects as holding company of industrial undertakings. It is understood that the. Ministry of Finance facilitated the'menger by granting remission of taxes—Trans-Ocean Kuo Min,
Text read from the printed page and cleaned; old type leaves the occasional error.