Editor’s note: A prior version of this article previously did not include a question mark in the title and in subheading which may have been misleading to some. We apologize for the inadvertent mistake and have updated the article accordingly.
The Italy bailout sends some worrying signals according to HSBC.
Italy’s decision to bailout to of its northern banks for €17 billion has raised more questions than answers. The two banks, Veneto Banca and Banca Popolare di Vicenza are being wound down through a deal that separates the good parts of the loan books from the bad. The good loans will be given to Italy’s largest retail bank, Intesa Sanpaolo, which has been given €5.2 billion by the government for its...
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