The Traderszone Network

Published in TZ Latest News 24 June, 2017 by The TZ Newswire Staff

Two Italian Zombie Banks Toppled Friday Night

Authored by Wolf Richter via WolfStreet.com, 

ECB shuts down Veneto Banca and Banca Popolare di Vicenza.

When banks fail and regulators decide to liquidate them, it happens on Friday evening so that there is a weekend to clean up the mess. And this is what happened in Italy – with two banks!

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