ITALY RESCUES 2 BANKS

The Italian government on Sunday made 5.2 billion euros ($5.8 billion) of resources immediately available to keep operative two banks that the European Central Bank has deemed “failing or about to fail.” The resources will facilitate, as widely anticipated, Italian bank Intesa Sanpaolo’s taking on the “good” assets of Veneto Banca and Banca Popolare di Vicenza. /