italian bank monte paschi edges closer to state bailout
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Italian bank Monte Paschi edges closer to state bailout

Arab Today, arab today

Arab Today, arab today Italian bank Monte Paschi edges closer to state bailout

People walk past an office of Italian bank
Milan - Arab Today

Italian bank Monte dei Paschi di Siena edged closer to a state bailout with its capital raising efforts falling short of the 5 billion euros ($5.2 billion) it is seeking to stay afloat.
The bank said Thursday that its attempt to swap debt for equity had netted just 2.45 billion euros. The bank is expected to announce Friday if it is able to plug the gap.
The government has asked parliament to approve 20 billion euros to shore up Italy’s troubled banks. Monte dei Paschi, the country’s third-largest lender, is perceived as the most vulnerable.
The bank’s troubles come amid broader concerns over Italy’s banking system, which is weighed down by some 360 billion euros in bad loans. The bank’s share price was up modestly on hopes of a bailout.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

italian bank monte paschi edges closer to state bailout italian bank monte paschi edges closer to state bailout

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

italian bank monte paschi edges closer to state bailout italian bank monte paschi edges closer to state bailout

 



GMT 16:16 2014 Wednesday ,10 September

Samirah Ibrahim receives Saudi cultural attaché

GMT 09:32 2017 Sunday ,24 September

China confirms will limit oil exports to North Korea

GMT 19:56 2016 Saturday ,17 September

Typhoon Meranti death toll rises to 28

GMT 09:40 2018 Monday ,01 January

OIC Summit opens in Kazakhstan

GMT 06:37 2015 Monday ,07 December

Iran film directors protest colleague's jail term

GMT 18:37 2017 Friday ,25 August

Mental health issues should be prioritized

GMT 04:39 2017 Thursday ,31 August

Trump vows to right 'self-destructive' tax code

GMT 05:29 2017 Tuesday ,22 August

Celebrations across India on 71st Independence Day

GMT 10:54 2017 Wednesday ,11 October

Child obesity grows tenfold since 1975

GMT 02:31 2016 Tuesday ,06 December

Dubai Women Establishment delegation participates
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday