114 Italian Banks (Roughly 23%) Have NPLs Exceeding Tangible Assets

Authored by Mike Shedlock via www.themaven.net/mishtalk,
114 Italian banks have non-performing loans that exceed tangible capital. Ratios above 100% are signs of severe stress...
The headline image is from the from ilsole24ore.com. The article is dated March 25, 2017. The translated headline reads "Here are the 114 Italian banks at risk for suffering"
The image shows 24 banks where non-performing loans total 200% or more of tangible assets.