Bad Debt Piled in Italian Banks Looms as Next Crisis
The profitability of Italian banks has long been among the worst in Europe, weighed down by bloated staffs and too many branches, leaving the banks with little extra capital to cover loans that go bad. Today's low interest rates have ... Now, “Brexit ...
Trend: banks with bad credit loans
May 02,2016
Wall Street Journal
The profitability of Italian banks has long been among the worst in Europe, weighed down by bloated staffs and too many branches, leaving the banks with little extra capital to cover loans that go bad. Today's low interest rates have ... Now, “Brexit ...
May 02,2016
Bloomberg
The two-speed data illustrate the tightrope being walked by the central bank: on the one hand it's seeking to curb financial and debt risks, while on the other it needs to keep credit flowing so that economic growth isn't derailed. Mortgages led the ...
May 02,2016
Yahoo Finance
For context, at current exchange rates (roughly €398 billion), that means Italian banks have nearly three times as many bad loans as US banks did when the global financial crisis reared its head. This is a major cause for concern. The Bank of Italy's ...
May 02,2016
The Detroit News
Yet even consumer advocates who loathe the industry admit it fulfills a need: Providing small amounts of cash quickly to people who can't qualify for credit cards or a bank loan. Roughly 12 million Americans take out a payday loan each year, spending ...
May 02,2016
The Hindu
In 2004, gross bad loans in the Indian banking sector touched 7.8 per cent, while the ratio was 11.1 per cent in 2002. “The stress in the banking sector, which mirrors the stress in the corporate sector, has to be dealt with in order to revive credit ...
May 02,2016
MiBiz
The situation appears more acute for community banks and for any organization seeking out commercial lenders, a position for which talent remains in short supply across the nation, according to a recent survey by an industry trade publication. ... We ...
May 02,2016
MiBiz
We always have more than our share when things go bad from an economic perspective, but I was impressed that credit unions kept lending in a strong way. We saw increases throughout the period, particularly because a lot of our counterparts in the ...and more »
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