ECB asks Italian lender to cut bad loans by 40%

Link

Monte dei Paschi may have to raise capital quickly to meet the ECB’s target..

The European Central Bank has asked Italy’s third-largest lender, Banca Monte dei Paschi di Siena, to slash its bad debts by 40 per cent to €14.6 billion over three years, heaping more pressure on Rome and Brussels to stabilise the Italian banking system…

Source: ECB asks Italian lender to cut bad loans by 40%

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.