Italian Banks Seek Damages In Venice Swaps Dispute

By Lucia Osborne-Crowley (March 29, 2021, 2:53 PM BST) -- Two Italian lenders have fought back against a claim by the city of Venice that it should not have to pay for €125 million ($147 million) in securities deals because it was not authorized to sign them off, saying that the municipality owes them damages if this is the case....

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