Italy's public and private sector institutions owe nearly $50bn to British banks, figures reveal.
The statistics detail Italy's debt to the UK banking sector as the country remains in a political deadlock with no party securing an overall majority in the country's election.
Britain's banks' external exposure stood at $2.7 trillion in June last year, according to the Bank for International Settlements.
Italy's current debt to the UK is less than the $66bn the country owed at the end of 2010.
More top news
England won the Women's World Cup final in the most dramatic fashion against India at Lord's.
Tarek Naggar, 44, is said to be fighting for life after he was attacked during a robbery on the island province of Cebu.
Passengers have been left stranded at Oxford station after someone forgot to unlock the entrance doors