Banca Monte dei Paschi di Siena
The bank hopes to raise €2.5 billion, equivalent to $2.4 billion, to pay for restructuring costs and shore up its capital base under terms agreed with European authorities earlier this year.
Italy’s government rescued MPS in 2017, with the aim of giving the bank a temporary lifeline and re-privatizing it at a later stage.
Five years later, however, the government still hasn’t found a buyer.
WSJ 13 October 2022
The world's oldest bank, Siena-based Banca Monte dei Paschi di Siena SpA
https://englundmacro.blogspot.com/2011/10/worlds-oldest-bank-siena-based-banca.html
Monte Paschi, the nearly 600-year old bank that was battered by the global financial crisis and has been bailed out by the government
Mario Draghi, Italy’s technocrat prime minister and the former president of the European Central Bank, was Italy’s banking regulator who greenlighted the Antonveneta deal.
https://englundmacro.blogspot.com/2021/09/monte-paschi-nearly-600-year-old-bank.html
Kommentarer