You are here

Italian bank rescue that mustn't fail hangs over Lake Como party

Monte Paschi, the world's oldest lender, remains in intensive care after two bailouts since 2009 and eight billion euros of fresh capital raised from investors in the last two years.


ITALY'S business elite concluded an annual summer lakeside retreat dogged by the enduring shadow cast by Europe's unhealthiest big bank.

The need to revive Banca Monte dei Paschi di Siena SpA, the world's oldest lender, didn't feature on the official agenda of the Ambrosetti