Italy Bailout: Buy Bank Debt Regardless Of Credit Quality?

Editor's note: A prior version of this article previously did not include a question mark in the title and in subheading which may have been misleading to some. We apologize for the inadvertent mistake and have updated the article accordingly.

The Italy bailout sends some worrying signals according to HSBC.

Italy’s decision to bailout to of its northern banks for €17 billion has raised more questions than answers. The two banks, Veneto Banca and Banca Popolare di Vicenza are being wound down through a deal that separates the good parts of theexclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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