Final Note

The mafia is Italy’s biggest bank

Kai Ryssdal Jan 11, 2012

This final note today, the Cosa Nostra edition. A report out in Italy earlier this week says the mafia is that country’s biggest bank. Apparently, it’s been making big gains during the European debt crisis: more loans — if you can call ’em that — to people who can’t get cash elsewhere.

The mob, according to the Italian firm SOS Impressa, does $178 billion worth of business a year. Profit margin’s about 60 percent.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.