What's the Reason Behind the Market Sell-Off?
June 20 (Bloomberg) -- Former Chief of Staff and Assistant Secretary of Labor under President Reagan Al Angrisani and J.P. Morgan Private Bank Head of U.S. Equity Strategy Steven Rees discuss today's market action with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
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Morelli Seeks to Put Paschi Back on Profitability Track
02:22 - Banca Monte dei Paschi di Siena SpA signaled it’s just starting talks to draw investors to a stock sale, reigniting concerns that the lender may struggle to secure its survival through private funds. Three months after unveiling plans to cut soured loans, the Siena, Italy-based lender said on Tuesday that it’s seeking to hold talks with investors to win support for 5 billion euros ($5.4 billion) in fresh capital by the end of the year. As part of his overhaul, Chief Executive Officer Marco Morelli pledged to return Monte Paschi to profit, targeting net income of 1.1 billion euros in 2019. Morelli joined Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."