Can the world's oldest bank survive Italy's upheaval?

Italian banks are drowning in bad debt

The world’s oldest operating bank is racing to avoid a government bailout.

Italy’s Monte dei Paschi di Siena (BMDPF) is trying to salvage a rescue plan that would see investors inject €5 billion ($ 5.4 billion) into the bank. Political and economic uncertainty following the resignation of Prime Minister Matteo Renzi is keeping investors from signing on the dotted line.

Let’s block ads! (Why?)

Latest stock market news from Wall Street – CNNMoney.com

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *