Monday, 24 January , 2022

Monte dei Paschi

ECB refuses to help Italy’s crisis-hit Monte dei Paschi bank

Trading in the troubled bank’s shares was repeatedly halted on the Italian stock exchange on Friday. The MPS share price closed 10% lower as the bank’s board held a meeting that had already been scheduled before the reports that the ECB had rejected its calls for an extension to the deadline to bolster its financial position.