Italy’s Banks to Submit $20 Billion Capital Plans

Italy’s Banks to Submit $20 Billion Capital Plans

Alessia Pierdomenico/Bloomberg

UniCredit SpA, Italy’s biggest-bank, needs 8 billion euros of extra capital and is raising money with a rights offering, while Intesa Sanpaolo SpA, the country’s No. 2 lender, doesn’t need more, the EBA said.