Bank of Italy puts Popolare di Bari into special administration
Share:
ROME (Reuters) - The Bank of Italy placed Banca Popolare di Bari under special administration on Friday as the Cabinet met to approve rescue measures for the cooperative lender, which said this week it needed an urgent injection of up to 1 billion euros.The bank has struggled to cope with mounting loan losses during a prolonged slowdown that has put thousands of firms out of business. Expectations had grown that the government would need to step in.Two sources familiar with the matter said the..