Banca Popolare di Vicenza and Veneto Banca

23 June 2017 - Following the decision taken by the European Central Bank to declare Banca Popolare di Vicenza S.p.A. and Veneto Banca S.p.A. as ‘failing or likely to fail’, the Single Resolution Board has decided that resolution action by the SRB is not warranted for these banks. As a consequence, the winding up of the banks will take place under national proceedings launched by the Italian authorities