Banks cautious as liquidity dries up amid Italy crisis

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Banks cautious as liquidity dries up amid Italy crisis

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(180527) -- ROME, May 27, 2018 (Xinhua) -- Italian President Sergio Mattarella (Front) addresses a press conference after meeting with Italian prime minister-designate Giuseppe Conte in Rome, Italy, on May 27, 2018. Conte on Sunday remitted his mandate after Italian President Sergio Mattarella nixed his choice of euroskeptic economist Paolo Savona as finance minister. (Xinhua/Alberto Lingria) | Alberto Lingria/Xinhua News Agency/PA Images

Investors have been reducing their exposures to risk in financial markets this week, after Italian president Sergio Mattarella helped to set the country on a course towards fresh elections.

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