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Italian Shopkeepers Blame Banks for Derivative Losses

 
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Author Italian Shopkeepers Blame Banks for Derivative Losses
HenryTo
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PostPosted: Fri Jul 27, 2007 11:20 pm    Post subject: Italian Shopkeepers Blame Banks for Derivative Losses Reply with quote
Financial liberalization run amok - not in the US, but in Italy:

http://www.bloomberg.com/apps/news?pid=20601109&sid=aEFAV5L2_XU8&refer=home

Quote:
Italian banks, including UniCredit and Banca Italease SpA, have sold swaps to as many as 100,000 small businesses, according to lawyers and industry groups. Concern about the contracts intensified last month, when Milan-based Italease said about 2,200 clients may lose 600 million euros on derivatives. Italy's central bank this week barred Italease from selling its most-profitable derivatives and ordered directors to resign.
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Post new topic   Reply to topic    MarketThoughts.com Forum Index -> The Europe Board
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rffrydr
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PostPosted: Sun Dec 02, 2007 8:41 am    Post subject: Reply with quote
SoCal via the Artic Circle: RE fallout leaves no-one and no place unscathed:

http://www.nytimes.com/2007/12/02/world/europe/02norway.html?hp
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