Monte Paschi Seeks Investors as CEO Eyes $5.4 Billion in Capital

Updated on
  • Bank starting talks with core investors on Tuesday, CEO says
  • Lender targeting annual profit of 1.1 billion euros in 2019

Morelli Seeks to Put Paschi Back on Profitability Track

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.

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