https://www.bloomberg.com/news/articles/2016-12-02/italian-banks-flirt-with-disaster-again-as-government-teeters
But don’t be surprised if Italy’s troubled banks sidestep disaster yet again.
The
next chapter could start Sunday, when polls conducted before a
pre-election blackout suggest Italian voters will reject a
constitutional change to streamline the legislative process, a decision
that could lead Prime Minister Matteo Renzi to resign. Should he quit,
Italy may enter a period of political and market turmoil just as its
fragile banks are struggling to win back the confidence of investors and
regulators. Monte Paschi is in the middle of a 5 billion-euro ($5.3
billion) capital raising, while UniCredit SpA, Italy’s biggest lender,
is considering its own stock offering.
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