Italy’s Padoan Confident Monte Paschi Plan to Be Successful

Updated on
  • Padoan rules out plan B because very confident on plan A
  • Finance chief says Monte Paschi will be strong bank after plan

Italian Finance Minister Padoan on Debt, Banking

Italian Finance Minister Pier Carlo Padoan said Banca Monte dei Paschi di Siena SpA’s restructuring plan will work as he ruled out any plan B to revamp Italy’s third-largest lender.

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