Zurich and Generali linked with Spain's "bad bank"
Italy’s Generali and Switzerland’s Zurich will invest in a Spanish bank set up by the government to manage toxic property assets, according to Reuters.
The insurers will invest €5m apiece in the bank, which was set up as part of a €40bn European bailout of Spanish lenders, Reuters said quoting sources.
According to the report, the insurers
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