Italy Court Rejects Challenge to State Bailout of Monte Paschi

Italy Court Rejects Challenge to State Bailout of Monte Paschi

Alessia Pierdomenico/Bloomberg

Visitors walk past a logo inside the Banca d'Italia in Rome. Under the government’s rescue plan, Monte Paschi will sell securities, dubbed “Monti bonds” after the prime minister’s surname, to the government with a 9 percent coupon that may rise to as much as 15 percent.