Affinitas Consulting

As per consolidated practice: good assets sold cheaply to a large bank: Intesa San Paolo, and toxic assets bailed by the government (public).

Italy could pay as much as 17 billion euros to wind down Veneto banks: minister

Italy winds up Veneto banks, deal could cost up to 17 billion euros Italy began winding up two stricken Veneto-based banks on Sunday in a deal that will see their good assets transferred to Intesa Sanpaolo (ISP.MI) and could cost the state up to 17 billion euros ($19 billion).

Moody's downgrades China, warns of fading financial strength as debt mounts

Moody's downgrades China, warns of fading financial strength as debt mounts Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise.

Latest from the US employment data.

Associated Press (AP) — U.S. employers added just 98,000 jobs last month, the fewest in a year, though the unemployment rate fell to a nearly seven-year low of 4.5 percent.