A
logo of Monte dei Paschi di Siena bank is seen on the ground in
Siena
Thomson
Reuters
By Silvia Aloisi and Stefano Bernabei
SIENA, Italy (Reuters) – Monte dei Paschi di Siena is still
negotiating with the European Commission how many jobs to cut in
a radical restructuring plan that is a condition for a state
rescue of the Italian bank, Chief Executive Marco Morelli said on
Wednesday.
The world’s oldest bank, whose troubles date back several years,
asked for state support in December after failing to raise 5
billion euros ($5.3 billion) on the market to shore up its
capital.
The European Central Bank has since put the capital shortfa…
Read the full article at: http://www.businessinsider.com/r-monte-paschi-ceo-says-eu-demands-radical-restructuring-plan-2017-4