Hope as Italian recaps boost investor appetite
Fears about poor asset quality are still prominent in Italy, but recent progress towards recapitalising the banking sector could have a big impact in helping Italian financial institutions make better use of international capital markets, writes Tyler Davies.
The European Central Bank said this week that ailing Italian duo Banca Popolare di Vicenza and Veneto Banca may be eligible to receive capital injections from the Italian government under a process referred to as “precautionary recapitalisation”.They join the much larger Italian lender Banca Monte ...
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