Italy’s Atlas Fund Seen as Positive, but Is It Big Enough?
The bank fund is designed to help banks bolster capital and offload bad loans, but its size pales in comparison with the underlying problem.
Charles Wallace
December 17, 2025
The UniCredit SpA bank headquarters office towers above residential rooftops in Milan, Italy, on Wednesday, April 13, 2016. The latest plan to address Italian banks' growing bad debt mountain, and associated solvency concerns, will see the creation of a new fund, Atlante, of about 5 billion euros ($5.7 billion). Photographer: Alessia Pierdomenico/Bloomberg
Alessia Pierdomenico/Bloomberg
