Bank of Italy flags US, UK, Switzerland, and Russia for lenders' systemic risk

The Bank of Italy identified the US, UK, Switzerland, and Russia as countries with significant exposure for Italian banks. Data from end-2024 was used for measurement. Top Italian banks like Intesa Sanpaolo and UniCredit have a presence in Russia, with UniCredit reporting an increase in Russian government bond holdings due to currency effects.

Read more at Yahoo Finance: Bank of Italy selects 4 systemic risk countries for lenders, including Russia