in

Monte dei Paschi CEO told board banks needs 1.5-2.0 billion euros in capital: source

Bastianini mentioned both a rights issue and an Additional Tier 1 (AT1) issue as options to fill the gap, adding however the AT1 bond was problematic due to its high cost.

Monte dei Paschi declined to comment.


Source: Economy - investing.com

Factbox: What a Joe Biden win could mean for financial policy

Covid restrictions in Italy and UK add to Europe’s woes