This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.
In honor of Italian explorer Christopher Columbus, here is review of Italian banks (as well as a benchmark, Deutsche Bank).
Here are two notable Italian banks: Uni Credit (a global systemically important bank – Bucket 1) and Banca Monte dei Paschi di Siena (a domestic systemically important bank). And for comparison, my former employer Deutsche Bank. What do the three of them have in common? Yes, they all peaked in 2007 and all have plummeted since.
This post was published at Wall Street Examiner by Anthony B Sanders ‘ October 9, 2017.