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BoE warns Italian bank crisis could spark 'doom loop' for UK

UK exposured to Italy via German and French banks

Bank of England issues warning
Bank of England issues warning
  • Anna Fedorova
  • Anna Fedorova
  • @FedorovaIW
  • 03 December 2018
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The Bank of England has warned that a banking crisis in Italy could trigger a "doom loop" which could threaten the financial stability of the UK.

Officials from the BoE have voiced concerns that a problems with Italian lenders could spread across the eurozone and hit the UK economy through French and German banks, The Telegraph reports. Both...

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