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    Banks: driven by rates and recovery but risks from the end of the moratorium

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    Stinging on breakfast at the bar, coffee for 1.50 euros (ANSA)

    (ANSA) – ROME, JANUARY 16 – The expected increase in rates by the Fed with already visible consequences on the yields of the bond market is pushing the securities of the European and Italian banking sector, after almost a decade of stagnant performance. The ongoing economic recovery is also supporting the securities of the credit sector, whose European index has risen by 10% since the beginning of the year while the Italian one has gained 7.8% in a month.

    And yet, at least for the Italian banks, in addition to the spread of the pandemic and the Omicron variant, an unknown factor is also represented by the end of the moratorium and other anti-crisis measures, which expired at the end of December. The pressure to renew them, which is coming from the ABI, the trade unions and many trade associations, does not seem to be in breach of the national and European authorities for the time being. A request that will in all probability be repeated next Wednesday by the ABI executive committee to the deputy CEO of the Bank of Italy Paolo Angelini, who also sits on the Basel committee.

    We will then see if these requests will find the most convinced support of the political forces which, while hoping for a renewal, are currently involved in the Quirinale match and in asking the government for help from workers and companies against expensive energy. (HANDLE).

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    Source From: Ansa

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