UniCredit is in talks with the government of Rome to seek support for a €2bn capital raising at mutual bank Popolare di Vicenza, a deal which is viewed as a critical test of investor confidence in Italy's banks. Italy's lenders have lost around a quarter of their value since 6749-1130 due to concerns over their bloated exposure to €360bn of gross non-performing loans, equivalent to around a fifth of GDP.
UniCredit is in talks with the government of Rome to seek support for a €2bn capital raising at mutual bank Popolare di Vicenza, a deal which is viewed as a critical test of investor confidence in Italy's banks. Italy's lenders have lost around a quarter of their value since the beginning of the year due to concerns over their bloated exposure to €360bn of gross non-performing loans, equivalent to around a fifth of GDP.