MILAN (Reuters) - Banca Monte dei Paschi di Siena
The deal, which had been expected after months of negotiations, is part of a tough restructuring plan for the troubled Italian lender, which is cutting 8,000 jobs and shutting 550 branches.
Monte dei Paschi said in a statement the 1,100 workers involved will all be hired by the joint venture, in which Bassilichi has a 60 percent stake and Accenture the remaining 40 percent.
The bank, which gave no financial details about the deal, has an 18-year contract with the joint venture starting in January.
(Reporting by Silvia Aloisi, editing by Danilo Masoni)