Banca Popolare di Vicenza liquidation

Popolare and Veneto

Popolare And Veneto: Banking Rescue Italian Style

The recent rescue of two ailing Italian banks -Popolare di Vicenza and Veneto Banca-broke away from the standard bail-in procedures introduced by the EU. The trick used for implementing that circumvention was based on the official guarantee that the two lame ducks did not represent a systemic danger.