Post Profile

Run on Italy's Third Largest Bank? Capital Controls or Bail-Ins Next? Why Take Chances?

Italian Bank Customers Pull DepositsThe CEO of Monte dei Paschi, Italy's third largest bank, and the oldest surviving bank in the world, admits Customers Pulling Deposits as share prices sink. Some Monte dei Paschi customers have been pulling savings out of the Italian bank, its chief executive said on Wednesday, as it faces a crisis over a mountain of bad loans that has wiped nearly 60 percent off its market value this year.
read more


Related Posts

Italy Just Bailed Out The World's Oldest Surviving Bank

Business & Finance : Zero Hedge

Some people know Banca Monte dei Paschi di Siena as one of the biggest banks in Italy (lately best known for being either halted down, about 90% of the time, or up, the remainder) with 3,000 branches, 33,000 employees and 4.5 millio...

Italy Market Watchdog Bans Short Selling On Monte Paschi Shares

Business & Finance : Business Insider: Clusterstock

MILAN (Reuters) - Italy's Consob has banned short selling on Monte dei Paschi's shares on Monday and Tuesday, the Italian market regulator said in a statement. Shares in Italy's third biggest bank lost more than 17 percent on Monday...

Here Is Why Italy Keeps Bailing Out Monte Paschi Again And Again And Again

Business & Finance : Zero Hedge

There is a reason why Italy keeps bailing out Monte Paschi, Italy's third largest, most scandal-ridden and most insolvent bank not to mention the oldest in the world, again and again and again, and which is currently demanding yet a...

Bailout Of World's Oldest Bank In Jeopardy, Rests On Hope That "Ship Does Not Sink"

Business & Finance : Zero Hedge

The ongoing debacle of Italy's Banca Monte dei Paschi (BMPS) took a turn for the worst today. The bank's largest shareholders (MPS Foundation) approved (read - forced through) a delay in a EUR 3 billion capital raise, which the bank...

The World's Oldest Bank Admits To Losing Billions In Deposits After Scandals

Business & Finance : Business Insider: Clusterstock

Banca Monte dei Paschi di Siena (MPS), Italy’s third-largest bank and the world’s oldest, has admitted in a statement posted quietly on its website that its customer deposits have fallen by a “few billion euros.” That was after a se...


Copyright © 2016 Regator, LLC