Banks’ Answer to Volatile Italian Debt: Accounting Changes

Paul Davies  |  November 8, 2018

“… Italy’s face-off with Europe over its expansive borrowing and spending plans has sparked fears over Italian debt levels and caused a sharp rise in sovereign bond yields and a corresponding drop in their value. … banks like UniCredit, Italy’s second largest, are making future market moves less costly by changing the bonds’ accounting treatment …”

Read the full article on: The Wall Street Journal

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