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Will Italy’s Banking Crisis Spawn a New Frankenbank?

Will Italy’s Banking Crisis Spawn a New Frankenbank? “Operation Overlord.” There are rumors currently doing the rounds that Italy’s banking problems have finally been put to rest. The FTSE Italia All-Share Banks Index has soared about 40% over the last 12 months, about double the advance by the Euro Stoxx Banks Index. Six of the […]

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Who Exactly Benefits from Italy’s Ballooning Bank Bailout?

Who Exactly Benefits from Italy’s Ballooning Bank Bailout? Italy’s third largest bank, Monte dei Paschi di Siena, is not insolvent, according to the ECB; it just has “serious liquidity issues.” It’s a line that has already been heard a thousand times, in countless tongues, since some of the world’s largest banks became the world’s biggest public […]

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Bank Bailout Balloons, Tab for Italian Banking Crisis Soars

Bank Bailout Balloons, Tab for Italian Banking Crisis Soars Monte dei Paschi di Siena sinks deeper into the mire. Over the Christmas holidays, when no one was supposed to pay attention, and when the markets were closed, the bailout costs of Monte dei Paschi di Siena, the third largest bank in Italy, and the center […]

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Investor Fears Spike as Italy (and the EU) Inch Closer to Doomsday Scenario

Investor Fears Spike as Italy (and the EU) Inch Closer to Doomsday Scenario Risk of contagion in Italy and far beyond would be huge. Just how low can Italian bank shares go? That’s the question plaguing the minds of European investors, policy makers, bankers and central bankers. Today the shares of the country’s third largest […]

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The Collapse Of Italy’s Banks Threatens To Plunge The European Financial System Into Chaos

The Collapse Of Italy’s Banks Threatens To Plunge The European Financial System Into Chaos The Italian banking system is a “leaning tower” that truly could completely collapse at literally any moment.  And as Italy’s banks begin to go down like dominoes, it is going to set off financial panic all over Europe unlike anything we […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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