Italy prepares to defense the banks from Brexit fallout

Italy is scheming to strengthen a banks from a destabilising share sell-off following final week’s Brexit vote, sources told Reuters Monday.

Shares in Italy’s dual biggest banks, UniCredit and Intesa Sanpaolo, fell by 8 percent and some-more than 10 percent respectively on Monday, in a arise of some-more than 20 percent falls on Friday after Britain voted to quit a EU.

A supervision source pronounced Prime Minister Matteo Renzi would ask German Chancellor Angela Merkel to behind some-more coherence from a EU per Italy’s open spending and manners on state assist for banks during a assembly in Berlin on Monday.

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