Italian Banks Are Recovering Right Under Investors' Noses

Perhaps one of the most important recoveries in Europe has been taking place unnoticed: The bad-loans position of Italian banks is no longer as bad as it was a few years ago. For investors with an interest in Europe -- and any well-diversified investor should have an interest in the area -- this opens opportunities.

Last month, Italy's biggest lender Unicredit (UNCFF) raised almost €13 billion ($14 billion) in a rights issue to plug a hole in its balance sheet that had pushed its core capital ratio some two percentage points below that required by the European Central Bank at the end of last year....591 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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