ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday offered …
Read More »Monte Paschi $9.8bn bailout plan faces ECB pushback on capital concerns
Bloomberg Italy’s plan for an 8.8 billion-euro ($9.8 billion) bailout of Banca Monte dei Paschi di Siena SpA faces resistance from the European Central Bank, which is concerned the lender may struggle to maintain capital buffers as it tries to get back on its feet, according to people with knowledge of the matter. The ECB’s oversight arm has signaled that …
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