Moody's sees difficult 2010 for Italy banks

Posted by 7Star Saturday, January 16, 2010

Italy's banking system is set to have another difficult year in 2010 and there could be some individual downgrades of lenders, Moody's Italy bank specialist Henry MacNevin said in a newspaper interview on Saturday. He added that overall, Italian banks are relatively well capitalised and profits should stabilise in 2010.

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