Italy to pass decree Sunday to save ailing banks

21 Nov, 2015

Italy's government will hold an extraordinary cabinet meeting on Sunday to pass a decree to save troubled banks from failure, three sources close to the matter told Reuters. One government source said the measure will be particularly aimed at saving four local savings banks which have been put under special administration. The banks are Banca Marche, Banca Popolare dell'Etruria, Cassa di Risparmio di Ferrara (CariFe) and Cassa di Risparmio della Provincia di Chieti (Carichieti).

Read Comments