CORRECTED-Landmark bad loan deal boosts Italy bank stocks and govt bonds
16 Apr CORRECTED-Landmark bad loan deal boosts Italy bank stocks and govt bonds
Posted at 15:19h
in
News
by KMFSLLP
MILAN, April 17 (Reuters) – Italian banking stocks rallied
and bonds rose on Tuesday after the country’s biggest lender,
Intesa Sanpaolo, agreed a bad loan sale at favourable
conditions, which investors say could help other lenders achieve
better terms and boost lending.
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