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.

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