Reuters logo
EU Commission clears state aid for Veneto banks
June 25, 2017 / 7:01 PM / 6 months ago

EU Commission clears state aid for Veneto banks

BRUSSELS (Reuters) - The European Commission said on Sunday it had approved an Italian plan to wind down two ailing Veneto-based regional lenders, Banca Popolare di Vicenza and Veneto Banca, with the help of taxpayer money.

FILE PHOTO: The Banca Popolare di Vicenza headquarters is seen in Vicenza, Italy, March 5, 2016. REUTERS/Stefano Rellandini/File Photo

The plan involves the sale of some of the two banks’ businesses to Intesa Sanpaolo (ISP.MI), Italy’s top retail bank, for a token price.

Reporting by Silvia Aloisi

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below