Saturday 19 November 2011

Italian Banks May Need $8.2 Billion as Government Bonds Slump

Nov. 18 (Bloomberg) -- Italy’s five biggest banks, including Intesa SanPaolo SpA, may need to raise a combined 6.1 billion euros ($8.2 billion) of additional capital as the Italian government bonds they own deteriorate in value. Two-year Italian debt, which the banks valued at 97 cents on the euro ...


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