Italian banks consider joint rescue

|By:, SA News Editor

Italian banks are considering assisting in a rescue of troubled lenders Popolare di Vicenza and Veneto Banca (OTC:VENBF) by pumping €1.2B of private capital into the two regional banks, Reuters reports.

The Italian government plans to lead the rescue but EU competition authorities have requested a private capital injection as a condition to approve the bailout.

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