Italian crisis may be Brexit collateral damage

Prime Minister Renzi on risk to Italian banks

Italy’s banks were already reeling before the Brexit market rout. Now it seems some of them may need a bailout.

Shares in the country’s biggest lenders lost 30% of their value on Friday and Monday as global markets went into meltdown after the U.K. voted to leave the European Union. The stocks stabilized on Tuesday but are still deep in the red for the year — some of the big names have lost 60%.

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World business news – CNNMoney.com

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