trending Market Intelligence /marketintelligence/en/news-insights/trending/0NULf4wqnJkgnoV7paaW2Q2 content esgSubNav
In This List

Report: Italy eyes guarantees for Popolare di Bari's future bond issues

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Report: Italy eyes guarantees for Popolare di Bari's future bond issues

Italy is weighing offering state-backed guarantees for Banca Popolare di Bari SCpA's future bond issues, in a move that could also include a precautionary recapitalization of the bank, Reuters reported, citing Italian newspaper Il Sole 24 Ore.

At least €500 million of bonds could be guaranteed under a decree being considered by the Italian government, according to the Dec. 13 report.

The Italian government also intends to appoint a special commissioner for the bank, Reuters said.

In the week of Dec. 2, the bank reportedly requested the country's deposit guarantee fund Fondo Interbancario di Tutela dei Depositi to help it shore up its capital. CEO Vincenzo De Bustis signaled that the lender needs up to €1 billion in fresh capital.