Monte Paschi Rejects Proposal From UBS, Passera, Radiocor Says

Stress Test Fear Shakes Italy's Banks

Banca Monte dei Paschi di Siena SpA’s board rejected a proposal from UBS Group AG and Corrado Passera, Italy’s former economic development minister, to turn around the ailing lender, newswire Radiocor reported without saying where it got the information.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.