Euromoney's latest coverage of Europe’s fourth-largest economy as its banking sector stands on the brink.

Sofferenze loans – literally, 'the suffering' – make up 60% of Italy’s non-performing loan stock. At €200 billion, that’s some 11% of the country’s GDP. Fears about the fate of Europe’s fourth-largest economy as its banking sector stands on the brink have centred around the world’s oldest bank – Monte dei Paschi di Siena. The European Central Bank has had Monte’s feet to the fire to clean up its balance sheet. But, surrounded in Malebolge-like cliffs of bad debt of about €50 billion and having burned through €8 billion of freshly raised capital before, plans to get the bank out of the eighth circle of hell have been fraught with problems. Euromoney has collected its best features from recent months covering the Italian loan problem. Together, they represent a thorough and fascinating look into the Italian banking crisis.

Why UniCredit is selling its art

Why UniCredit is selling its art

April 08, 2019

Italy’s biggest bank is offloading choice bits of its 60,000-strong art collection – in doing so it is going in a different direction to peers like Intesa Sanpaolo.

SSM’s Angeloni: Integration will help beat US banks

SSM’s Angeloni: Integration will help beat US banks

September 11, 2018

Euromoney talks to ECB Single Supervisory Mechanism board member Ignazio Angeloni about the challenges the SSM faces, and how eurozone integration, and in some cases bank mergers, could help improve European banks’ competitiveness.

How the banking union fell into an Italian abyss

How the banking union fell into an Italian abyss

May 29, 2018

Despite the latest attempts to stymie them, Eurosceptic populists remain the most powerful political force in Italy – largely thanks to anger at a banking crisis, often fanned by the ECB.

NPLs: European disunion

NPLs: European disunion

January 02, 2018

Any attempt to deal with Europe’s non-performing loans always seems to end up in a fight.

UniCredit: Mustier’s magical year

UniCredit: Mustier’s magical year

August 02, 2017

As a self-described ‘insider-outsider’, Jean Pierre Mustier’s return to UniCredit has transformed the image of Italy’s biggest bank – inside and out – over an extraordinary 12 months as CEO.

Taxpayers bail out Italian banks

Taxpayers bail out Italian banks

June 26, 2017

Just two weeks after Banco Popular’s rescue was hailed as a triumph of Europe’s post-crisis resolution regulation in action, Italian taxpayers are footing the €17 billion bill for the collapse of two long-troubled lenders.

ECR survey results Q3 2016: China, Italy, Nigeria mar stabilizing global outlook

ECR survey results Q3 2016: China, Italy, Nigeria mar stabilizing global outlook

October 06, 2016

The calming of the political shock of Brexit, with oil prices now receiving Opec support, is preventing global risks from worsening, yet with a referendum looming in Italy, elections in the US and Europe to come, not to mention frail banks and several countries mired in difficulties, it might be the calm before another global storm.

Inside Italy’s bad-debt heartlands

Inside Italy’s bad-debt heartlands

September 19, 2016

Italian banks have allowed non-performing loans to swell to such numbers that they are now a central concern for the European and global financial system.

Italy: Too big to bail

Italy: Too big to bail

September 19, 2016

Every proposed scheme for sorting out Italy’s bad debt problems has its own shortcomings.

Italy: ECB’s first merger brings more worry

Italy: ECB’s first merger brings more worry

September 19, 2016

The ECB’s demand for a €1 billion capital increase in the banking union’s first big merger between Banco Popolare and BPM has dowsed hopes for a slew of similar deals that might add value to banks that desperately need it.

Italian banking: Squaring the circle

Italian banking: Squaring the circle

August 02, 2016

Italy’s banks cannot deal with their NPLs unless they have capital, but they are not being allowed to recapitalize until they have dealt with their NPLs.

Time to fix UniCredit

Time to fix UniCredit

June 09, 2016

Under a new CEO, investors in Italy’s biggest bank need to see shock and awe.

Italy’s bad bad bank

Italy’s bad bad bank

February 03, 2016

Europe’s plan for a bad bank in Italy, it turns out, is to not have a bad bank at all.

Inside the race for Italy's NPLs

Inside the race for Italy's NPLs

October 29, 2015

International investors are scrambling to establish themselves as the country’s huge NPL market finally starts to creak open.

Italy banking: Popolari identity crisis

Italy banking: Popolari identity crisis

October 02, 2015

The onslaught of regulatory change and capital requirements is putting pressure on co-operative ownership of banks across Europe, but especially in Italy.