Monte T2s whip about amid uncertain future

Tyler Davies

August 04, 2021 12:45 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’s tier twos are see-sawing in the secondary market, as investors try and determine the fate of the bonds following merger interest from UniCredit.

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Topics

Italy Bank Capital Monte dei Paschi Europe Regulatory Capital EMEA FIG

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Tyler Davies