TITLE

IMF: Italy banks in OK shape

AUTHOR(S)
Investor's Business Daily
PUB. DATE
March 2013
SOURCE
Investors Business Daily;3/27/2013, pA02
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
86405034

 

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