Marketplace®

Daily business news and economic stories

The mafia is Italy’s biggest bank

It's been making big gains during the European debt crisis.

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.

Related Topics

Collections:

Latest Episodes

View All Shows
  • Marketplace Morning Report
    5 hours ago
    7:08
  • Marketplace Tech
    11 hours ago
    11:03
  • Marketplace
    a day ago
    25:19
  • Make Me Smart
    a day ago
    19:00
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45