By Benjamin Horney (March 22, 2016, 4:41 PM EDT) -- The European Central Bank has requested further detail regarding the planned merger of Italian cooperative banks Banco Popolare SC and Banca Popolare di Milano, Reuters reported on Tuesday, meaning the deal could be delayed longer than it already has been. The deal, which has been rumored for a few months now, would create Italy's No. 3 bank with a market value of almost €5 billion ($5.7 billion), according to reports. The ECB wants the two banks to agree to certain conditions, including the strengthening of capital, the report said, though the exact details of its demands are not known. Previous reports have noted that the combined entity will likely have main operations in Milan, with the current head of Banca Popolare di Milano leading the merged company....
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