Economics
Italy Studies Bank Options Amid Relief From Rating Decision
- Banks rally in Milan led by top lenders UniCredit, Intesa
- Bond yields open down after Italy escapes downgrade from S&P
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Italy’s populist leaders are focusing on how to shield the nation’s banks in case market pressure worsens amid a standoff with the European Union over the government’s budget plan.
Premier Giuseppe Conte asked government entities to prepare options to help the lenders if the decline in the value of their holdings of government debt requires them to recapitalize, Corriere della Sera reported on Monday.