U.S. Money Funds Shun Italian, Spanish Banks

U.S. Money Funds Shun Italian, Spanish Banks

Jonathan Fickies/Bloomberg

Holdings of European bank certificates of deposit, repurchase agreements and commercial paper reported by the six largest funds managed by JPMorgan Chase & Co. (JPM), Fidelity Investments, Federated Investors Inc. (FII), Blackrock Inc. (BLK) and the Vanguard Group Inc. show they are shunning euro-region banks, according to data compiled by Bloomberg.