EU bank supervision: another Monte to climb

By Tyler Davies
05 Nov 2020

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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial