Bail-in looms for Veneto banks

Meeting with EU competition officials did not go as hoped

(ANSA) - Milan, May 25 - The prospect of bail-ins is looming for troubled lenders Popolare di Vicenza and Veneto Banca after European competition officials on Wednesday confirmed demands for greater private involvement in recapitalizations at a meeting.
    Shareholders in the two medium-sized Veneto-based banks lost their investments last year when they were rescued by State-sponsored, privately-funded bailout fund Atlante.
    The heads of the two banks are set to meet Economy Minister Pier Carlo Padoan later on Thursday.
   

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