Italy's Monte dei Paschi di Siena may raise a much needed 2.5 billion euros ($2.5 billion) in steps, Italian daily La Repubblica reported on Sunday, as the bank looks to boost its capital by mid-November.
View of the logo of Monte dei Paschi di Siena , the oldest bank in the world, which faces massive layoffs as part of a planned corporate merger, in Siena, Italy, August 11, 2021. Picture taken August 11, 2021. REUTERS / Jennifer Lorenzinimay raise a much needed 2.5 billion euros in steps, Italian daily La Repubblica reported on Sunday, as the bank looks to boost its capital by mid-November.
According to La Repubblica, the bank may get 1.6 billion euros already committed by Italy's treasury by Nov. 12.Later on, it could get additional "injections of private funds, perhaps from the longed-for buyer that the Treasury has been seeking for years", the paper said.
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