Italy coughs up €17bn to deal with two troubled banks

By |junij 26th, 2017|bad bank, Banca Monte dei Paschi, Banca Popolare di Vicenza, bank capital requirements, bank recapitalisation, banking crisis, banking industry, Margrethe Vestager, News, State aid, Veneto Banca|

Italy will pay up to €17 billion to break up two insolvent Venetian banks, which have posed a threat to the country's banking system, the government announced Sunday (25 June).