trending Market Intelligence /marketintelligence/en/news-insights/trending/oqus786kn8flq702zdlfkg2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Report: Monte dei Paschi cash call set to fail

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


Report: Monte dei Paschi cash call set to fail

The Italian state will likely have to bail out Banca Monte dei Paschi di Siena SpA as the troubled lender's €5 billion cash call looks set to fail, London's Financial Times reported Dec. 21.

The cash call, which is led by JPMorgan, collapsed after Monte dei Paschi failed to find an anchor investor, "four people close to the dossier" told the FT.

Poor lending practices and ill-judged M&A deals have left the world's oldest bank in dire straits and ECB regulators fear that unless it is shored up soon, its problems could spill over into a wider Italian banking crisis.

The bailout could leave the state with a majority stake in the bank, up from a current 4%, the paper said.