MILAN—Italian banks are still struggling with rising levels of bad loans, with smaller banks lagging in setting aside money to cover potential losses on them, even as the Bank of Italy urges a more aggressive cleanup on the financial institutions’ balance sheets ahead of a European health check next year.
Third-quarter results of Italy’s banks reflect the pain they are still experiencing as Italy’s economy struggles to revive after…
Read more: Loans Sour for Italy’s Banks
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