The European Commission has given formal approval for the restructuring of Banca Monte dei Paschi di Siena. The bank, regarded as the oldest in the world, is the fourth-largest in Italy. A €5.4 billion bailout has been arranged, taking the amount of Italian taxpayer money deployed to rescue the country’s banks

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by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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