|Day's Range||14.71 - 17.00|
|52 Week Range||14.71 - 17.00|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
ROME/MILAN, May 25 (Reuters) - Italy's economy minister sought to reassure investors on Thursday that they will not be hit in a rescue of two ailing regional banks, Popolare di Vicenza and Veneto Banca, after fears of a full "bail-in" hit the lenders' debt. Italy has been seeking European Union approval for months to rescue the two banks based in the northeastern Veneto region and bigger rival Monte dei Paschi di Siena under strict EU rules that curb state support for lenders.
Monte dei Paschi di Siena is close to reaching an agreement with the European Commission that will pave the way for a state bailout of Italy's fourth biggest bank, a senior Italian treasury official said on Tuesday. Striking an accord for Monte dei Paschi "is a matter of days," Fabrizio Pagani, told reporters on the sidelines of a conference. The Italian government is expected to pump as much as 6.6 billion euros into the bank, giving it a stake of around 70 percent in Monte dei Paschi, through a scheme that imposes some losses on the bank's junior bond holders.
In the immediate aftermath of the 2008 financial crisis, Italy's banks enjoyed apparently rude health thanks to their minimal exposure to the global crash and the subprime mortgage securities that precipitated ...