Monte Dei Paschi - the world's oldest and Italy's 3rd largest bank - its shares sinking under...

|By:, SA News Editor

Monte Dei Paschi - the world's oldest and Italy's 3rd largest bank - its shares sinking under the weight of its stash of government debt and the likely need to raise €3B in capital in 2012, is in talks to avoid giving up a majority stake on a capital call against a €1B loan. The nearest solution would be a sale of assets into a weak market.