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Bloomberg: Monte Paschi Rating Cut by S&P on Concern Losses May Increase. Banca Monte dei Paschi di Siena SpA (BMPS), the Italian lender facing a government investigation stemming from money-losing structured deals, had its credit rating cut by Standard & Poor’s. Losses on the transactions “may be higher than initially anticipated” and demonstrate “a risk of management weaknesses,” S&P said today in a statement.
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Today's Headlines

Business & Finance / Investing : Between the Hedges

Bloomberg: Monte Paschi Bonds Drop as Italy-Europe Talks Halt in Deadlock. Banca Monte dei Paschi di Siena SpA’s subordinated bonds fell to a five-month low amid reports that Italy and the European Commission are in deadlock over ho...

Another Italian bank getting smoked today: Banca Monte dei Paschi di Siena SpA down 5%.

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Another Italian bank getting smoked today: Banca Monte dei Paschi di Siena SpA down 5%. Please follow Clusterstock on Twitter and Facebook. Join the conversation about this story »

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