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Podcast: Big Boss Interview
Episode: Italian Brexit Banking Woes
Description: Britain's vote to leave the European Union has caused damage to banks and to the wider economy in Italy. Growth forecasts there have been more pessimistic since June 23rd, and investors fear there'll be more defaults on loans. Italian banks are already sitting on a big pile of bad debt - but on Monday the world's oldest bank, Banca Monte dei Paschi di Siena, saw its share price fall to an all time low after the European Central Bank said it had to cut back on the risky loans it holds. Professor Enrico Colombotto of the University of Turin...