Funding gap grows at Italian bank — ECB

Funding gap grows at Italian bank — ECB

Italian lender Monte dei Paschi is facing a capital shortfall of €8.8bn (£7.5bn), higher than the €5bn previously estimated by the bank, the European Central Bank has said. It comes after Italy approved a €20bn fund to prop up its embattled banking sector on December 23, the BBC reported on Wednesday. Monte dei Paschi had […]

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Source: Funding gap grows at Italian bank — ECB

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