“The European Central Bank, which today offered lenders a second round of unlimited loans, will help some bank stocks double this year, say top fund managers who successfully bet on the biggest bank rally since 2009.
Italian lenders such as Banca Monte dei Paschi di Siena SpA and Banca Popolare di Milano Scarl will benefit the most from the ECB initiative aimed at helping banks borrow during Europe’s debt crisis, according to Nicolas Walewski, who manages 2 billion euros ($2.7 billion) in European equities at Alken Asset Management LLP. Other top managers from Mandarine Gestion SA and MainFirst Bank AG are betting lenders including BNP Paribas SA (BNP), France’s biggest bank, may rise by as much as 50 percent…”
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