Italy's Monte dei Paschi steps up rescue bid

ReutersNewsPublished: December 16, 20163 views
Published: December 16, 2016

Banca Monte dei Paschi di Siena has opened a debt to equity conversion, a major part of a private rescue plan, to retail investors. But as Katie King reports, sources say the Italian government is standing by with a 15 billion euros emergency fund for Monte and other ailing banks, just in case.

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