Home/Newsfeed

Monte Paschi Desperately Seeking Funding as Deadline Looms

Share Print 0

Banca Monte dei Paschi di Siena SpA is making a last-ditch effort to raise funds as the prospect of a state rescue looms.

After regulators rebuffed its request for an extension, the world’s oldest bank said it will press ahead with a plan to raise 5 billion euros ($5.3 billion) from investors in the next 19 days. As the odds of attracting fresh investment lengthened, the chance of a government bailout that will impose losses on bondholders grew.

Bloomberg

Profit Taking sets in

WTI/USD – US Crude at Highest Level Since July 2015

Output Deal Could Cut Oil Surplus in Half

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
,
Back to Top