Italy used to inject €5.4 billion into Banca Monte dei Paschi di Siena in 2017. Photograph: iStock

European Union officials are weighing a new crackdown on bank bailouts after national governments exploited loopholes in rules passed in the wake of t(...)

Banca Monte dei Paschi di Siena is being bailed out by the Italian government. Photograph: Bloomberg

After Banca Monte dei Paschi di Siena failed to raise funds on the market, attention now turns to a much bigger cash call by UniCredit. Italy’s larg(...)

The ECB saw worsening liquidity at Monte Paschi in December, but  still considers the Italian bank to be solvent.  Photograph: Alessia Pierdomenico/Bloomberg

The Italian government is likely to put in about €6.5 billion to rescue the country’s third-biggest lender Monte dei Paschi di Siena, more than initia(...)

Cabinet ministers agreed early Friday to put up to €20 billion into the country’s lenders after Banca Monte dei Paschi di Siena’s capital-raising failed

As Italy’s government prepares to shield retail bondholders under its bank rescue plan, it probably won’t be helping many ordinary folk. Just 5.4 per(...)

The bank said no fees related to an anchor investor taking part in the cash call had been included in the estimate

Ailing Italian bank Monte dei Paschi di Siena is estimating the cost of its rescue deal, including fees paid to investment banks, at €558 million, it (...)

Monte dei Paschi di Siena: The bank’s stock had tumbled after reports that the ECB  denied it more time to raise cash to avoid being wound down, triggering speculation that the bank will have to seek a government bailout. Photograph: Tiziana Fabi/AFP/Getty Images

Banca Monte dei Paschi di Siena will seek to sell shares by the end of the year and extend a debt-for-equity swap in a last-ditch effort to privately (...)

Valdis Dombrovskis: The vice-president of the European Commission has argued that more stringent capital requirements for banks may encourage more risky business models. Photographer: Andrew Harrer/Bloomberg

These are challenging times for the European economy, with Brexit looming and the Greek bailout again becoming the focus of attention. But the issue (...)

Italian Prime Minister Matteo Renzi. Photograph: Geert Vanden Wijngaert

Even as Europe grapples with the repercussions of the UK’s vote to leave the European Union, a dispute over tens of billions of euro is also threateni(...)

Monte dei Paschi is the weakest link among big lenders in the Italian banking system. Photograph: Giuseppe Pacace/AFP/Getty Images

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 bill(...)

 Monte Paschi had a fourth-quarter net loss of €920.7 million, down from a €1.6 billion loss a year earlier. Photograph: Alessia Pierdomenico/Bloomberg

Banca Monte dei Paschi di Siena posted a seventh straight loss on bad-loan provisions and reorganisation costs, as the bailed-out lender moved (...)

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