- Italian bank shares are seeing some relief today after the government decided to seek parliamentary approval to borrow €20B for underwriting the stability of its wobbly banking sector.
- A likely bailout would start with No. 3 lender, Monte dei Paschi (OTCPK:BMDPY), as early as this week. The institution is facing a serious capital crunch and risks being wound down by the ECB.
- Related tickers: OTCPK:UNCFF, OTCPK:IITSF, OTCPK:IITOF, OTC:MDIBF, OTCPK:ISNPY, OTCPK:BPESY, OTCPK:UNCFY, OTCPK:MDIBY, OTCPK:BPESF
Italy looks to prop up banking sector
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Symbol | Last Price | % Chg |
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BMDPY | - | - |
Banca Monte dei Paschi di Siena S.p.A. |