I nave signed up to the #davos health challenge. One Goal is to sleep 8 hours a day. That’s a tough one. #wef
MILAN (Reuters) – A failure by Italy’s third-largest lender Monte dei Paschi di Siena (BMPS.MI: Quote, Profile, Research, Stock Buzz) to carry out a vital $4 billion share sale later this year would threaten the country’s entire bank sector, Chairman Alessandro Profumo was quoted saying.
Profumo’s comments in an interview with daily La Repubblica
underscore the potential significance of the share issue and pile pressure on the bank’s main shareholder, a cash strapped charitable foundation, to find a solution to the problems which prompted it to force a delay to the capital-raising plan.