About: Veneto Banca

Liquidation of Italian banks shows limits of banking resolution rules

The European Commission's approval of a €17 billion aid package for an orderly wind-down of Italy's Veneto Banca and Banca Popolare di Vicenza, has sparked doubts about the strict application of banking resolution rules.

Italy coughs up €17bn to deal with two troubled banks

Italy will pay up to €17 billion to break up two insolvent Venetian banks, which have posed a threat to the country's banking system, the government announced Sunday (25 June).

Sources: Italy prepares to pump €15 bln into ailing banks

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.