. Photographer: Alessia Pierdomenico/Bloomberg

Italy Said to Seek Second Bank Support Fund by End of July

  • ‘Atlante 2’ would have about $2.2 billion for bad loans
  • Existing fund said to be in talks to buy Monte Paschi NPLs

Italy is working to set up a second bank support fund by the end of the month, opening a new front in the country’s efforts to restore confidence in its financial system, people with knowledge of the matter said.

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