Italy 'No' vote will make it harder for banks to raise money: economy minister
- Wall St. set to rise ahead of Trump inauguration
- General Electric (GE) Reports In-Line Q4 EPS
- Procter & Gamble (PG) Tops Q2 EPS by 2c
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Dollar recoups losses, caution sets in ahead of Trump inauguration
Italy's Finance Minister Pier Carlo Padoan attends a news conference at the Chigi Palace in Rome November 28, 2016. REUTERS/Tony Gentile
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
ROME (Reuters) - If the government loses a Dec. 4 referendum on constitutional reform it will be harder for Italy's struggling banks to recapitalize, Economy Minister Pier Carlo Padoan said on Thursday.
Padoan told state television RAI that Italy's banking system was solid, but said there were eight banks that were in a delicate position. One of those lenders, Monte dei Paschi di Siena
"If 'No' wins it will be more difficult to raise capital," Padoan said.
(Reporting by Crispian Balmer)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Philly Fed's Harker sees three U.S. rate hikes 2017
- Machinists seek union vote for Boeing South Carolina workers
- In Trump We Trust: Inauguration prompts celebration in Russia
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!