ABU DHABI / WAM EDGE, one of the world’s leading advanced technology and defence groups, …
Read More »Europe’s banking union is dying in Italy
The Italian government looks set to put Veneto Banca and Banca Popolare di Vicenza, two troubled regional lenders, into liquidation, selling off the good assets to a rival bank for a symbolic price. The toxic assets would be transferred to a bad bank, mostly funded by the government. Shareholders and junior bond-holders would contribute to the rescue, while senior creditors …
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