Alessandro, Penati - In: Banca Impresa Società (2013) 2, pp. 247-262
Five reasons appear to be at the root of the Italian banks malaise. 1) A fall inbanks' shares valuation multiples; 2) the cost of the distribution network; 3) the massiveinvestments in Government bonds, thus reinforcing the link with the sovereigndebt crisis; 4) the reliance on ECB funding; and...