Friday, January 13, 2012

Mafia may fill lending gap as Italy crisis deepens


http://www.reuters.com/article/2012/01/13/us-italy-mafia-crisis-idUSTRE80C16320120113

Facing funding strains, capital shortfalls and rising bad loans, Italian banks have started passing on financing costs to customers, and many fear they could stop lending altogether. Italy's mafia organizations are delighted to step into the breach.

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