Italy began winding up two banks on Sunday
Good assets to be transferred to another bank
- The government will pay 5.2 billion euros to Intesa, Italy's top retail bank, to take on Popolare di Vicenza and Veneto Banca's best parts.
- Economy Minister Pier Carlo Padoan said the total funds "mobilized" by the state would be for up to 17 billion euros - three times more than what had initially been estimated to recapitalize the banks with public money.
- The deal received preliminary approval from European authorities on Friday
