Banking Worldwide: Monte Paschi


Monte Paschi needs the funds to help repay state aid and avert nationalization, and management was pushing for a January stock sale to get ahead of other Italian banks that might need to raise capital. The main shareholder, Fondazione Monte dei Paschi di Siena, vowed to oppose the offering unless it was delayed until after the first quarter to give the investor more time to repair its own finances. Monte Paschi Nationalized?

Monte Paschi Bank

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