El gobierno italiano aprobó de madrugada la creación de un fondo de 20.000 millones para la banca
European stock markets are prepared to close the week before Christmas with investors focused on Italian banking sector, where the government has approved the creation of a rescue fund worth € 20 billion. Ibex opened with slight rises and is placed at less than 200 points to close the year in positive.
Italy is prepared for the bailout with the creation of a rescue fund of 20 billion for troubled banks. The first entity to receive the aid would be Banca dei Monte dei Paschi, after having failed in the search of private investors. Shares and bonds of the world's oldest bank will be suspended from trading on Friday, while the fringes of the state bailout are being negotiated.
MORE EUROPEAN BANKS IN CHALLENGES
Deutsche Bank has announced that it has agreed to pay $ 7.2 billion to resolve the investigation conducted by the US Department of Justice. The German bank's shares rose sharply on Friday, up 3.5%.
The German bank issued an official statement, which specifies the fate of that money. 3,1 billion will be destined to pay the fine, while the remaining 4,1 billion will be provisioned to pay the affected clients.
In addition, Swiss bank Credit Suisse has announced an interim agreement with US authorities to pay around $ 2.38 billion in connection with the sale of fraudulent mortgages. The shares of the entity are listed on Friday with increases of 1%.