Italy may let banks sell bonds to government
6/26/12 6:37 AM ET (MarketWatch)Print
MADRID (MarketWatch) -- The Italian government is considering a decree that will allow banks to raise capital by selling bonds to the government, Bloomberg News reported on Tuesday, citing two persons familiar with the situation. The measure could be approved as soon as Tuesday at a cabinet meeting, and is likely to resemble a decree passed in 2009 that let banks issue bonds named after former Treasury Minister Giulio Tremonti, according to one of the sources.
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