Article Excerpt
BY GIOVANNI LEGORANO AND DAVID ENRICH
ROME—The Bank of Italy is quietly inspecting the finances of some of the country’s top lenders, which could push some Italian banks to sell assets or take other major steps, according to a central-bank document reviewed by The Wall Street Journal.
The central bank’s examinations, which were previously undisclosed, come against a backdrop of increasing worry among regulators, investors and bank executives about the health of some of the country’s lenders amid a rise in souring loans.
The current inspections are a follow-up to a previous round last fall that resulted in the Bank of Italy ordering banks to set …
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Follow this link: Bank of Italy Eyeing Lenders’ Books
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