A European bank backed by Oaktree Capital Management has been placed under court administration due to concerns over mafia-linked loans. The move aims to address issues surrounding the bank's financial health and reputation. While specifics remain unclear, experts note that this development may have broader implications for the banking sector.

Source: https://www.ft.com/content/8a496b90-c0be-47bf-9664-e916bc50f9d7