Monte Paschi Bailout In Peril As 3 Banks Walk Out - InvestingChannel

Monte Paschi Bailout In Peril As 3 Banks Walk Out

“Moments ago, we learned that this “private bailout” process appeared to be on the rock, when Reuters reported that Morgan Stanley and Italian lenders UniCredit and Intesa SanPaolo have walked away from Monte Paschi’s “proposal” to back its proposed €5 billion cash call, “a source familiar with the matter told Reuters.””