Italy Bank Rescue Fund Not Enough to Erase Market Skepticism, Analysts Say
An agreement between Italian officials and bank executives to create a multibillion-euro fund to offload bad loans is a step in the right direction, say analysts, but the pact may not be enough to reassure investors that the pain for Italy’s troubled banking sector is over. Banks, insurers and institutional investors agreed to create a vehicle named Atlante to help troubled lenders raise capital and offload bad loans.
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