Moody's Cuts Outlook On Italy's Banks To Negative As Bank Failures Loom
Calling Italy's banks among the 10 weakest globally, Moody’s has cut its outlook on the European nation’s financial institutions to negative, from stable. The outlook shift follows a change in Italy's sovereign outlook to negative after Italians rejected constitutional reforms in a referendum earlier this month, causing political uncertainty.
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Steve Eisman On Italian Banks - You Are all Screwed
