Tag: Banca Monte dei Paschi di Siena

Capital and Risk, Liquidity

Italy swoops in to save another bank leaving taxpayers on the hook for over $25 billion

July 5, 2017


The Italian state has stepped in with funding to save yet another failing bank, meaning taxpayers now stand responsible for over 22 billion euros ($25.4 billion) of bailout money recently extended to the sector. Finance Minister Pier Carlo Padoan announced […]