Monte dei Paschi
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EU clears Italy's $6 billion state bailout for Monte dei Paschi
EghtesadOnline: The European Union has approved a 5.4 billion euro ($6.1 billion) state bailout of Italy's fourth-largest lender, Monte dei Paschi di Siena, taking the total amount of Italian…
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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…
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How JPMorgan could not save Italy's problem bank
EghtesadOnline: On the morning of July 29, former Italian Industry Minister Corrado Passera was traveling in a high-speed train toward the medieval city of Siena, racing to meet the directors…
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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…
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Dollar retreats ahead of U.S. data, euro on alert over Monte dei Paschi
EghtesadOnline: The dollar lost some steam on Thursday, slipping from its 14-year-high against a basket of currencies as investors took profits before a batch of U.S. economic data due later…