Titolo La questione bancaria Periodico Banca impresa società Anno: 2013 - Volume: 32 - Fascicolo: 2 - Pagina iniziale: 247 - Pagina finale: 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 5) the excessive share of corporateliabilities intermediated.