FIG rides high after controversial Italian bank rescues

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FIG rides high after controversial Italian bank rescues

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A branch of the Italian Intesa SanPaolo Bank is seen on 6 February, 2017. (Photo by Jaap Arriens/NurPhoto) *** Please Use Credit from Credit Field *** | NurPhoto/SIPA USA/PA Images

European financial institutions opened books on new deeply subordinated bond deals this week, just days after two regional Italian lenders were liquidated by national authorities.

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