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

by Aurelia Butler 2 November 2020, 17:35 169 Views

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

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

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

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

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