trending Market Intelligence /marketintelligence/en/news-insights/trending/twegdmabjejwhetybdqpwq2 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

Italy lower house approves €20B loan for possible bank bailout

L.K. Bennett: Bankruptcy Case Study

State Of Singapore Online Video Subscription

Power Forecast Briefing: Capacity Shortfalls to Test the Renewable Energy Transition

Episode 43 - More Change, M&A On Horizon For Equity Research Industry


Italy lower house approves €20B loan for possible bank bailout

Italy's government received approval from the lower house of parliament to borrow as much as €20 billion as it prepares for a potential banking sector rescue, Reuters reported Dec. 21.

The state may have to bail out Banca Monte dei Paschi di Siena SpA and other troubled lenders later this week, which the €20 billion will be used for, "government sources" told the newswire.

Meanwhile, Monte dei Paschi said Dec. 21 that the Italian bank rescue fund Atlante's planned purchase of bad loans from the bank is subject to a limited contribution by the state to the bank's €5 billion capital raise, which it is trying to complete in order to avoid a bailout or wind-down, Reuters said in a separate report.

The contribution must be no more than €1 billion, and state aid rules must not be triggered, for Atlante to complete its €1.5 billion investment.

Monte dei Paschi has to complete its recapitalization Dec. 31 after the ECB rejected its request for more time.