RPT-Intesa's ouster shows influence of old guard in Italy's
banking  Wed Oct 2, 2013 3:00am EDT  By Silvia Aloisi and Lisa
Jucca  MILAN Oct 1 (Reuters) - Enrico Cucchiani's ousting from
Italy's biggest retail bank underscores the power of the old
guard in the financial system that critics say holds the economy
back.  Cucchiani, 63, was forced out less than two years into
the job as Intesa Sanpaolo chief executive after clashing with
Giovanni Bazoli, an octogenarian banker who is the mighty head
of the bank's supervisory board.  Cucchiani had also lost the
support of the Italian banking foundations that hold around 25
percent of Intesa's capital. His departure highlights the
enduring influence of these not-for-profit entities that were
set up in the 1990s when the sector was privatised.  The
foundations, which have close ties with local administrations,
are core shareholders in some of Italy's biggest lenders,
including Intesa's rival UniCredit.  Critics say the foundations
promote a system of local control an