BizSugar.com › Finance › This Italian bank might cause the next banking crisis

There is little doubt that financial markets have been particularly nervous lately, especially regarding the European banking sector (once again!).

Clearly, the Brexit vote on the 23rd of June has been the reason that reignited such worries. Now, it is more likely to lead to weaker economic growth in Europe and possibly to lower interest rates. The combination of these two factors is not good news for banks as it might result in lower profits and more bad loans.