{"id":63755,"date":"2018-05-17T00:46:57","date_gmt":"2018-05-17T04:46:57","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=63755"},"modified":"2018-05-17T00:46:57","modified_gmt":"2018-05-17T04:46:57","slug":"hedge-funds-bet-on-big-turnaround-by-italys-mid-tier-banks","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2018\/hedge-funds-bet-on-big-turnaround-by-italys-mid-tier-banks.html","title":{"rendered":"Hedge Funds Bet on Big Turnaround by Italy&#8217;s Mid-Tier Banks"},"content":{"rendered":"<p>(Reuters) Major hedge funds have picked Italian mid-tier banks as one of Europe\u2019s few remaining recovery plays, betting they will shed billions of euros in bad loans. Europe\u2019s 2010-2012 debt crisis left Italy\u2019s banks with among the euro zone\u2019s biggest hangovers, some 285 billion euros ($338 billion) of soured debt on their balance sheets. But when Credito Valtellinese sold new shares in a February rights issue for eight times its market value, they were lapped up by hedge funds in the United States and Britain.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/hedgefunds-italy-banks\/hedge-funds-bet-on-big-turnaround-by-italys-mid-tier-banks-idUSL5N1SL1NI\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Major hedge funds have picked Italian mid-tier banks as one of Europe\u2019s few remaining recovery plays, betting they will shed billions of euros in bad loans. Europe\u2019s 2010-2012 debt crisis left Italy\u2019s banks with among the euro zone\u2019s biggest [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63755","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=63755"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63755\/revisions"}],"predecessor-version":[{"id":63756,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63755\/revisions\/63756"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=63755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=63755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=63755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}