Monte bonds soar after legal settlement

Tyler Davies

July 22, 2021 01:15 pm

Monte_dei_Paschi_Adobe_575x375_200220 — (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 has settled a legal dispute with its former controlling shareholder, clearing a major source of uncertainty that had been dragging on its efforts to find a buyer.

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Topics

Governance Bank Capital Senior Debt Monte dei Paschi Regulatory Capital SRI FIG

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Tyler Davies