Italy pouring billions more into troubled banks

Posted online June 26, 2017 | 11:38 am

Italy is pouring $19 billion more into troubled banks.

The move comes after European authorities warned that Italian regional banks Banca Popolare di Vicenza and Veneto Banca could collapse.

The latest bailout would allow Intesa Sanpaolo, one of the country's biggest banks, to take over the healthier parts of the two regional banks.

Read more from CNNMoney.

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