Italian banks avoid meltdown, reining in systemic risk
Wed, Sep 06, 2017 - 5:50 AM
While Italian banks have raised almost 30 billion euros of fresh money since 2014 to strengthen their balance sheets, they continue to be burdened with more than 170 billion euros of net non-performing loans.
NOW that worries over Italian banks suffering a meltdown have subsided, lenders need to persuade investors that they can make money.
Both optimistic buyers and more sceptical investors, gathered on the shores of Lake Como for the annual...