2015-10-13reuters.com

`` Italy is engineering the rescue of three ailing banks using a fund financed by other lenders to help plug a capital shortfall of at least 2.2 billion euros (1.62 billion pounds), two sources with knowledge of the matter said. The Bank of Italy has put the three small lenders -- Banca Marche, Banca Popolare dell'Etruria and Cassa di Risparmio di Ferrara (Carife) -- under special administration after audits exposed holes in their accounts.''



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