Italy insists there's 'no banking problem' as stress tests loom large

``Speaking on the outskirts of a Group of 20 (G20) finance leaders meeting in Chengdu, China, Italy's Finance Minister, Pier Carlo Padoan, told CNBC that the Italian banks "do not need [a] rescue.. The European Banking Authority and the European Central Bank will release the results of new stress tests on Friday morning. The tests differ this time round as they are looking at general health issues of euro zone lenders. Some are anticipating capital shortfalls for Italian banks.''