Dec
21
Investors Worry as Financial Picture of Italy’s Oldest Bank Deteriorates
By
A customer in a Monte dei Paschi di Siena bank branch in Siena, Italy, last week. The bank’s shares plunged on Wednesday. CreditAlessia Pierdomenico/Bloomberg
LONDON — Investors are increasingly sounding the alarms over Monte dei Paschi di Siena, the beleaguered Italian lender, as concerns mounted on Wednesday about its ability to raise new capital and avoid a government bailout.
The troubled Italian banking system, stuffed with dubious loans, has broadly put global policy makers and investors on alert for signs of a potential shock. And Monte dei Paschi, the country’s oldest bank, is in the weakest spot…
Investors Worry as Financial Picture of Italy’s Oldest Bank Deteriorates
