Di Maio says Italian banks’ situation under control, government monitoring

ROME (Reuters) – The government is monitoring Italy’s banks and at the moment the situation is under control, Deputy Prime Minister Luigi Di Maio said on Thursday.

Di Maio told reporters in Rome that the government was “attentive and vigilant” over the banks, amid concerns that weaker lenders are coming under stress due to a rise in yields on their holdings of Italian government bonds.

He said if any bank recapitalizations should be necessary, they could be done “in lots of ways”, without elaborating further.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.