Veneto Banca and Banca Popolare di Vicenza, blighted by bad loans and a mis-selling scandal, will open as usual on Monday, says finance minister
The Italian government is stepping in to wind up two failing lenders and prevent a bank run, at a total cost of up to €17bn (£15bn).
After an emergency cabinet meeting on Sunday, ministers agreed to a decree splitting Veneto Banca and Banca Popolare di Vicenza into ‘good’ and ‘bad’ banks, keeping branches open.