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Monte Paschi Rescue Cost Jumps as Deposits Fall

MILAN—The European Central Bank has told Monte dei Paschi di Siena that a collateral shortfall is €8.8 billion ($9.19 billion), significantly lifting a volume a Italian supervision will have to muster to rescue a uneasy lender.

In a matter Monday evening, Monte dei Paschi pronounced that a ECB pronounced a bank’s collateral shortfall is distant aloft than a €5 billion approaching when a supervision orderly a rescue final week of Italy’s…

Article source: http://www.wsj.com/articles/monte-paschi-rescue-cost-jumps-as-deposits-fall-1482826886

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