The world's oldest bank, Siena-based Banca Monte dei Paschi di Siena SpA
The world's oldest bank, Siena-based Banca Monte dei Paschi di Siena
SpA, is now caught in the storm.
European leaders are expected to force Monte dei Paschi to raise €2 billion, or about $2.8 billion, or more in new capital, analysts say.
Irish banks ran into trouble due to reckless real-estate lending.
Greek banks have been pummeled by their country's economic implosion.
French banks are paying the price for their boom-time expansions into countries like Greece.
Italian banks, by contrast, are in trouble for what once seemed like a conservative investment: owning Italian government debt.
Wall Street Journal 26 oktober 2011
More about Monte dei Paschi
European leaders are expected to force Monte dei Paschi to raise €2 billion, or about $2.8 billion, or more in new capital, analysts say.
Irish banks ran into trouble due to reckless real-estate lending.
Greek banks have been pummeled by their country's economic implosion.
French banks are paying the price for their boom-time expansions into countries like Greece.
Italian banks, by contrast, are in trouble for what once seemed like a conservative investment: owning Italian government debt.
Wall Street Journal 26 oktober 2011
More about Monte dei Paschi
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