Bank of Italy approves €3.9bn loans for controversial bailout of Monte dei Paschi di Siena

The world’s oldest bank gets its bailout after years of trouble, with the loans expected in February.

The problems stemmed from a 2007 deal to buy a bank (Antonventa) from Santander for Eur 9bln which was widely seen to be heavily overvalued…

More… UK Telegraph

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