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Italy’s banks get real on bad debts

Finanza JIACC

The Italian central bank just published new data about the bad debts crippling the nation’s financial system. After years of not tackling their non-performing loan burden, Italy’s banks are finally getting their act together

Source: Bloomberg – There’s more to come. Deloitte, a consultancy firm, calculates that while the volume of offloads slowed in the first half of this year, the “hectic” pace of deals currently being negotiated signals a second-half pickup in activity

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