Italian banks' recapitalization plans in turmoil as Renzi bows out

Dec 6, 2016

Italian banks' recapitalization plans in turmoil as Renzi bows out

The fate of key Italian banks was up in the air Monday as investors feared that Prime Minister Matteo Renzi’s resignation would threaten their recapitalization plans. Concern focused on Italy’s third-biggest bank, Monte dei Paschi di Siena (BMPS), which analysts said is one of ...