IMF: Italy banks in OK shape

Investor's Business Daily
March 2013
Investors Business Daily;3/27/2013, pA02
Italian banks are well-capitalized overall but prolonged recession and hefty holdings of domestic gov't debt are risks, the Int'l Monetary Fund said. It suggest Italian banks set aside more funds for bad loans and create a market to ditch bad assets. The report comes as the Cyprus bank bailout, with painful haircuts for some depositors, raise concerns about banks in other eurozone nations.


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