Monte plans to push T2 back to next year

Jasper Cox

December 17, 2018 02:45 pm

Monte_PA_230x150 — (dpa) - The picture shows the entrance to the Bank Monte dei Paschi in Siena, Italy, 31 October 2005. The bank was founded in 1624 by order of Ferdinand II. who wanted to support agriculture with credits. Soon the bank became a major pillar of Siena's wealth. The bank is now one of the world's oldest money institutes. Photo: Lars Halbauer | usage worldwide | Lars Halbauer/DPA/PA Images

Banca Monte dei Paschi di Siena is planning to wait until next year to meet a European Commission requirement to issue a tier two bond, beyond the original deadline.

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Topics

Regulation Italy Bank Capital Monte dei Paschi FIG People and Markets Europe EMEA FIG People and Markets

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Jasper Cox