Italy govt approves rescue of Popolare di Bari bank - source
Share:
ROME (Reuters) - An Italian cabinet meeting approved an emergency decree on Sunday night to bail out ailing cooperative lender Banca Popolare di Bari, a government source said.The bank, the biggest lender in Italy's underdeveloped south, was placed under special administration by the Bank of Italy on Friday after its management said it urgently needed a capital injection of up to 1 billion euros (857.37 million pounds).