A depositor protection fund financed by Italian banks is ready to cover half of a potential capital increase of 1.4 billion euros ($1.6 billion) to help rescue ailing lender Banca Popolare di Bari.

The fund that owns ailing Italian lender Carige on Monday approved the sale of its stake to BPER Banca, a source close to the matter said, in a deal that will end a seven-year crisis at the regional ...

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MILAN, July 30 (Reuters) - Italian banks have approved a rescue plan for ailing peer Banca Carige, the head of the FITD depositor guarantee fund said on Tuesday. "We're confident this will be the ...

MILAN/ROME, July 30 (Reuters) - Italian banks will spend up to 636 million euros ($709 million) to keep ailing rival Banca Carige in business, according to a senior executive at the banking fund that ...

ROME (Reuters) - Italy's FITD depositor protection fund will meet on Wednesday over a request by Banca Carige (CRGI.MI) to change the terms of a hybrid bond the troubled bank sold to the fund to raise ...

FITD, which recently financed a rescue package for Genoa-based bank Carige (MI: CRGI), will help Mediocredito in the restructuring of Popolare di Bari. "The interbank fund assures the special ...

MILAN/ROME (Reuters) - Italian banks will spend up to 636 million euros (£582.34 million) to keep ailing rival Banca Carige <CRGI.MI> in business, according to a senior executive at the banking fund ...