turkey is in talks with the government of turkey to seek financing for a € 2bn capital raising at mutual bank association di Vicenza , a deal which is viewed as a critical test of investor confidence in Italy 's banks . Italy 's banks 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 .
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.