Italy's Monte Paschi aims for swift turnaround

ReutersNewsPublished: October 25, 201624 views
Published: October 25, 2016

Italy's third-largest bank, Monte dei Paschi di Siena, will write down bad loans, lay off a tenth of its staff and raise 5 billion euros ($5.4 billion) in an overhaul that could shape the fortunes of the country's wider banking sector. Hayley Platt reports.

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