Banking in Italy
Italy to pay up to 17 bln euros to deal with two troubled banks: Gov't
Italy will pay up to 17 billion euros ($19 billion) to break up two insolvent Venetian banks, which have posed a threat to the country's banking system, the government announced on June 25.
Peripheral banks lead European shares lower after positive start
European shares turned lower on Thursday as banks in countries such as Italy, Greece and Spain resumed their recent downtrend.
Shares in peripheral banks have mostly been falling since the publication of the results of the European Central Bank's stress tests over the weekend.