MPS tanks as rest of FIG rallies

Bill Thornhill

December 06, 2016 03:00 pm

MontePaschiSiena 230x150 — A view of a "Monte Dei Paschi di Siena" bank branch in Milan, Italy, Sunday, Oct.26, 2014. The European Central Bank says 13 of Europe's 130 biggest banks have flunked an in-depth review of their finances and need an extra 10 billion euros ($12.5 billion) to cushion themselves against any future crises. ECB officials said Sunday the test had been tougher than similar reviews in 2011 and 2010, which gave a pass to banks that later needed bailouts. (AP Photo/Luca Bruno) | Luca Bruno/AP/Press Association Images

The subordinated debt of embattled Italian lender Banca Monte dei Paschi di Siena (MPS) fell several points on Tuesday as the rest of the FIG market rallied.

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Topics

Bank Capital Monte dei Paschi Europe EMEA FIG

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Bill Thornhill