Beware of robber banks (RB), bad advisors.
-
Italy is trying a €20 billion experiment with its banks to see if anyone cares about 'moral hazard'
The price of the government bailout of Monte dei Paschi, Italy's oldest bank, went up from €5 billion to €6.5 billion euros ($6.8 billion) this week. That happened after the European Central Bank discovered that MPS's capital shortfall was €8.8 billion, and not the expected €5 billion euros. There has been a "rapid deterioration" in MPS's outlook, according to the Financial Times. The government has so far allocated €20 billion to bail out all its banks — which are riddled with non-performing loans — but the actual amount the system may need to avoid collapse is probably nearer €52 billion, according ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 28, 2016 2:51pm Dec 28, 2016 2:51pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
- Comment #2
- Quote
- Dec 28, 2016 3:10pm Dec 28, 2016 3:10pm
- glenngie
- | Joined Nov 2009 | Status: Member | 1323 Comments
- Comment #3
- Quote
- Edited 3:37pm Dec 28, 2016 3:20pm | Edited 3:37pm
- Ghassforex
- | Joined Sep 2016 | Status: Member | 1119 Comments
- Comment #4
- Quote
- Dec 28, 2016 3:23pm Dec 28, 2016 3:23pm
- glenngie
- | Joined Nov 2009 | Status: Member | 1323 Comments
- Comment #5
- Quote
- Dec 28, 2016 3:31pm Dec 28, 2016 3:31pm
- Ghassforex
- | Joined Sep 2016 | Status: Member | 1119 Comments
- Comment #6
- Quote
- Dec 28, 2016 3:42pm Dec 28, 2016 3:42pm
- glenngie
- | Joined Nov 2009 | Status: Member | 1323 Comments
- Comment #7
- Quote
- Dec 28, 2016 11:02pm Dec 28, 2016 11:02pm
- brinkclan
- | Joined Nov 2014 | Status: Member | 17 Comments
- Comment #8
- Quote
- Dec 29, 2016 1:18am Dec 29, 2016 1:18am
- Ghassforex
- | Joined Sep 2016 | Status: Member | 1119 Comments
- Comment #9
- Quote
- Dec 29, 2016 7:51am Dec 29, 2016 7:51am
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
- Comment #10
- Quote
- Dec 29, 2016 5:40pm Dec 29, 2016 5:40pm
- Ghassforex
- | Joined Sep 2016 | Status: Member | 1119 Comments
- Comment #11
- Quote
- Edited Dec 30, 2016 3:11am Dec 29, 2016 8:00pm | Edited Dec 30, 2016 3:11am
- Ghassforex
- | Joined Sep 2016 | Status: Member | 1119 Comments