Italian PM 'guarantees' savers' accounts in 2 troubled banks
The government was expected to quickly hold a Cabinet meeting to decide about taking on the banks' deteriorated assets, a cost estimated at some 8 million-10 million euros (nearly USD 9 million-USD 11 million).
Jun 24, 2017, 18:23 PM ISTWorld's oldest bank could become Europe's newest problem
With gross bad loans amounting to 46.9 billion euros ($52 billion), BMPS, is at the forefront of concerns about the fragile balance sheets of Italian banks, which are weighed down by 360 billion euros in bad debt.
Jul 06, 2016, 17:24 PM IST