EU bank supervision: another Monte to climb
The way the EU handles Banca Monte dei Paschi di Siena will yet again set a precedent for other struggling banks.
Monte revealed on Thursday that it was looking at various “capital strengthening initiatives”.
Its fully loaded common equity tier one ratio has fallen from 12.7% to 10.9% this year, setting it on a collision course with its minimum requirements.This was hardly a well-kept secret. Press reports ...