European Banks In Trouble - Italy

World's Oldest Bank Bailed Out By Italian Taxpayers

Summary: 

Looking to end a protracted banking crisis that threatens Italy's economy, Prime Minister Paolo Gentiloni has authorised a €20 billion ($29 billion) fund to help lenders in distress - first and foremost Monte dei Paschi. The biggest and oldest banks in the world are failing. The biggest banks are being fined billions. Do you think something is not right with the banking system ..... right around the world?

Article Information
Category: 
Banking Company: 
International Banks
Bank Malpractice Type: 
Incompetent Business Practices
Corruption
Source: 
Sydney Morning Herald
Date First Published: 
23 Dec 2016
Posted By
Peter Brandson
Peter Brandson's picture

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