Monday, April 1, 2013

Who's Next? Italy's Monte Paschi Admits To Billions In Deposit ...

It appears, given news from Italy today, that European depositors are increasingly coming to the realization that deposits in their local bank are not 'safe' places to put their spare cash, but are in fact loans to extremely leveraged businesses. … No worries, because GS Draghi will save the day, though I did read somewhere that banks who required Emergency Liquidity Assistance would need to be solvent but illiquid

Read more from the original source:
Who's Next? Italy's Monte Paschi Admits To Billions In Deposit …


Who's Next? Italy's Monte Paschi Admits To Billions In Deposit ...

No comments:

Post a Comment