Italy May Be Forced to Bailout Its Third Biggest Bank — Fortune

In Italy, it’s bailout time. Italy’s government is getting closure to pumping billions into the country’s third-largest bank, Monte dei Paschi di Siena, in order to save it. The bank earlier failed to persuade enough private investors to take part in a major capital-raising. Monte dei Paschi (MPS), which the European Central Bank ordered to…

via Italy May Be Forced to Bailout Its Third Biggest Bank — Fortune

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