"The European Central Bank has rejected a request by Italy's Monte dei Paschi di Siena for more time to raise capital, a source said on Friday. As David Pollard reports, sources have also told Reuters that the country's largest lender, UniCredit, is set to announce a massive cash call, as pressure on the banking sector mounts." (Source: Reuters, 12/9/2016)
UniCredit: new test for Italy's fragile banks?
"Italy's largest lender, UniCredit, is set to announce the country's biggest bank share issue, worth up to 13 billion euros ($13.8 billion). As Ciara Lee reports, it could be a major test of confidence for a banking sector already under pressure over the failing Banca Monte dei Paschi di Siena." (Source: Reuters, 12/9/2016)
Monte, UniCredit: Pressures Mount On Italy's Banks
12/09/2016 08:18:00 PM | via @Dvolatility |