Italy banking

ECB tells Monte dei Paschi it needs to raise $9.2 billion

EghtesadOnline: The European Central Bank has told Monte dei Paschi it needs to plug a capital shortfall of 8.8 billion euros ($9.2 billion), higher than a previous 5 billion euro gap estimated…
2016-12-27 04:58
Monte Paschi’s 544-Year Journey From the Renaissance to Rescue

EghtesadOnline: The world’s oldest bank has finally run out of time. On Friday, the Italian government said it will plow as much as 20 billion euros ($21 billion) into Banca Monte dei Paschi…
2016-12-25 11:03
Italian Banks Lead Losses as European Stocks Halt 3-Week Rally

EghtesadOnline: Declines in lenders and energy producers dragged European stocks down from a one-month high.
2016-11-28 10:01