The International Monetary Fund called for action over concerns relating to the bail-in of retail investors in Italy, noting that “very high” amounts of non-performing loans and slow judicial processes were straining bank balance sheets.

Financial industry reforms “are critical to entrench financial stability and support the recovery,” the IMF said in a statement following its regular review of the Italian economy. The Washington-based fund said that NPLs appeared to be stabilizing at around 18 percent of total loans.

Source: IMF Urges Action on Italy’s Retail Investors’ Bank Bail-In – Bloomberg



Subscribe!

Every day we send our readers the latest news with Christian commentary right to their inbox. Bi-weekly we include Bible Q&A and Bible studies as they become available. We invite you to join us.




Study With Us!

Visit the Bible Study, Bible Question and Answer and Video section of our site.


Leave A Comment

You are invited to participate in our Christian Community by leaving a comment. We would love to read your point of view and inspiring messages. Please read our Community Guidelines before commenting and note all comments are moderated (Ephesians 4:29).