The EU's powerful antitrust authority fined five major banks, including Barclays and Citigroup, on Thursday (16 May) with more than a billion euros for collusion in the massive foreign exchange currency market.
Italy's government is ready to pump €15 billion into Monte dei Paschi di Siena and other ailing banks, sources said, as the country's third-largest lender pushes ahead with a private rescue plan that is widely expected to fail.
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