Italy deal with EU helps reduce banks’ bad loans

Rome / Bloomberg Italy’s deal with the European Commission on state guarantees for banks’ bad loans will help lenders reduce their stock of deteriorated debt, even though markets offered a skeptical reaction, Bank of Italy Governor Ignazio Visco said. “The guarantee mechanism will prove useful for facilitating the divestment of bad debts,” said Visco, who sits on the European Central ...

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KSA banks distressed as stocks cheaper than assets

RiyadH / Bloomberg Saudi banking stocks have fallen to the lowest levels in at least a decade relative to their net assets, showing the slump in oil is stoking concern that bad loans will increase. Following a 10 percent slide this year, an index of 12 lenders on the Tadawul All Share Index is trading at an average 1.3 times ...

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Time Sensitive! 5 Ways To Reduce Your Taxes

Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also obeys your commands. I want to come with you to ...

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