Italy banking CRISIS: Monte dei Paschi lender shares PLUNGE as rescue faces collapse

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InvestmentWatch

investmentwatchblog.com / BY · NOVEMBER 25, 2016

TROUBLED Italian lender Monte dei Paschi di Siena (MPS) was engulfed in a uninformed predicament on Friday amid concerns a rescue devise for a uneasy bank is set to fail.

Investors dumped batch in Europe’s weakest bank, promulgation a share cost hurtling down by some-more than 7 per cent.

A £4.2 BILLION bruise call for income directed during gripping Italy’s comparison lender afloat has been authorized by shareholders.

But investors are disturbed a bank could onslaught to convince adequate people to plough some-more income into a bum bank.

MPS is during a heart of Italy’s banking crisis, that centres around £270bn of supposed non-performing loans – a third of a eurozone’s total.

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