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