The Undollar Digest

Why Zombie Banks Hate to Write Off Bad Loans

Jonathan Weil 01/11/2012 www.bloomberg.com

There’s a simple explanation for why the world’s zombie banks remain so reluctant to write off worthless assets and tap the equity markets for fresh capital. They don’t want to end up like UniCredit SpA. (UCG)
This month has been a nightmare for the Italian bank’s shareholders. Since embarking last week on a 7.5 billion euro [...]


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