Monte is living a charmed afterlife

Siena_Palazzo_Adobe_575x375_160119
By Tyler Davies
16 Jan 2020

The stars have aligned for Banca Monte dei Paschi di Siena following its rescue by the Italian state. It is hard to see how other banks could be so fortunate.

Monte did not get a raw deal when it was able to complete the crucial capital raising element of its restructuring plan this week.

This could easily be seen as a success for authorities in Italy and Europe, which put their confidence in the bank after it ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial