BRIEF-Sun Communities commences public offering of 3.5 mln shares
* Reg-Sun Communities, Inc. commences public offering of 3,500,000 shares of common stock Source text for Eikon: Further company coverage:
MILAN May 17 Italian regional lenders Popolare di Vicenza and Veneto Banca could need to raise fresh capital privately to cover loan losses to win European Union approval for a state bailout they have requested, six sources said on Wednesday.
The two banks, together with fellow bailout candidate Monte dei Paschi di Siena, are stuck in rescue talks with European authorities that are keen to limit the amount of taxpayer money used to help ailing lenders in accordance with new EU rules on banking crises.
But having failed to raise funds on the market last year, the two Veneto-based banks may have no alternative to turning to healthier rivals for help once again, five of the sources said, in a fresh drag on Italy's weakened banking industry.
Both Popolare di Vicenza and the EU Commission said negotiations were ongoing. Popolare di Vicenza, whose CEO Fabrizio Viola is leading discussions with European authorities, said the bank would not comment on rumours and that adding talks focused on targets set under a restructuring plan that envisages a merger between the two banks. (Reporting by Stefano Bernabei, Paola Arosio, Valentina Za and Andrea Mandala, editing by Stephen Jewkes)
WASHINGTON, May 24 An estimated 23 million people would lose health coverage by 2026 under Republican legislation aimed at repealing Obamacare, a nonpartisan congressional agency said on Wednesday in the first calculation of the new bill's potential impact.
WASHINGTON, May 24 The U.S. House of Representatives Intelligence Committee will subpoena former national security adviser Michael Flynn in its probe into alleged Russian meddling in the presidential election after he declined to appear before the panel, its top Democrat said on Wednesday.