'..an Italian banking collapse would likely have a strong contagious effect, spreading to other European countries with serious bad loan problems, such as Austria, Greece, Spain and Portugal..'<blockquote>'Until reforms are pushed through, the prospects of Italy emulating the bad experiences of Japan in the 2000s increase. To recall, Japan had a banking collapse in 1998-1999, following years during which the authorities and banks knew there was a problem but, for various reasons, were slow to act.
..
..an Italian banking collapse would likely have a strong contagious effect, spreading to other European countries with serious bad loan problems, such as Austria, Greece, Spain and Portugal. UK banks are less vulnerable as they have already reduced their exposure in Italy and have relatively low bad loans.'
- Philip Molyneux,
Will Italy’s failing banks trigger financial collapse across Europe? November 28, 2016</blockquote>
'..doubt that European banks still had a viable business model.'<blockquote>'Thiam told a Bloomberg conference that Europe’s banks were in a “very fragile situation” and said there was doubt that European banks still had a viable business model. Concerns about rock-bottom interest rates and how much capital banks should hold meant returns to investors were too low, making banks “not really investable”.
Credit Suisse is among a number of other banks, including Barclays, facing a penalty from the DoJ.'
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Europe's banks 'not investable' says top banker amid Deutsche Bank crisis, September 28, 2016</blockquote>
Context<blockquote>
'Monte Paschi .. should be put into resolution, not bailed out.''..the mismanagement and corruption of bankers and politicians in the 21st century.'(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'</blockquote>