Re:Italy’s teetering banks will be Europe’s next crisis
by bonzini on Monday July 11, 2016 @04:41AM
(#12069698)
> You manage a German bank. You follow strict capitalisation rules, are careful about the loans you make and operate your business according to the highest principles.
Like Deutsche Bank? They were chock-full of bad derivatives, Greek bonds, and whatnot.
Most of Italy's big banks are fine. They went just fine through the subprime crisis and the Greek bond crisis, and the government never had to save them.
Like Deutsche Bank? They were chock-full of bad derivatives, Greek bonds, and whatnot.
Most of Italy's big banks are fine. They went just fine through the subprime crisis and the Greek bond crisis, and the government never had to save them.
It's the smaller banks that have problems.