Asset Management

Italian lenders sit out bank stocks rally ahead of vote

With looming political risks, Italy's banking stocks have made up less than half the ground of their European peers since July

Italian lenders sit out bank stocks rally ahead of vote
Photo: iStockPhoto

The reflation trade has boosted banks around the world. Unless, that is, they are Italian.

The sector has a list of problems keeping investors at bay, including large inventories of non-performing loans and political risk from an upcoming referendum.

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