(ANSA) - Rome, June 26 - The Bank of Italy said on Monday
that Intesa Sanpaolo had taken over the 'good' assets of two
insolvent lenders, Veneto Banca and Banca Popolare di Vicenza,
for a symbolic price of one euro.
The move prevents a disorderly failure of the medium-sized
lenders and the rescue, which sees the new good banks stripped
of their non-performing loans, will require some 5.2 billion
euros in public money.
Intesa Sanpaolo takes over Veneto banks
Some 5.2 billion euros of public money needed for rescue