Italy Is Bailing Out 2 Failing Banks for Up To $19 Billion

Italy Is Bailing Out 2 Failing Banks for Up To $19 Billion

Author(s): 
Slideshow Pro: 
Visible in SS: 
Description for Web: 

Italy began winding up two failed regional banks on Sunday in a deal that could cost the state up to 17 billion euros ($19 billion) and will leave the lenders' good assets in the hands of the nation's biggest retail bank, Intesa Sanpaolo.

Source Label: 
Fortune