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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...

Savings banks died out in the 1980s. Is it time to bring them back?

Business & Finance : Money

Many countries in the world have two fundamentally different types of banks that accept deposits. One is the sort we have in the UK, which economists call “commercial” or “retail” banks. These accept deposits – a form of loan to the...

Fours Things To Know About The World's Largest IPO This Year

Business & Finance : Forbes: Business

The Postal Savings Bank of China (PSBC) made a tepid debut on the Hong Kong stock market today. Its shares changed little at closing from their IPO price of HK$4.76 per share. The Beijing-based lender raised a total of $7.4 billion ...

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

Business & Finance / Economics : Mish's Global Economic Trend Analysis

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 be...

Will Ireland Be First Country In World To See Bail-in Regime?

Business & Finance : Zero Hedge

Deposit bail-in risks are slowly being realised in Ireland, after it emerged overnight that FBD, one of Ireland's largest insurance companies, have been moving cash out of Irish bank deposits and into bonds. Revelations regarding de...


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