Paschi Can't Shake the Blues, Hurting Image of Italian Banks
- State-controlled bank said to seek covered bond sale soon
- Failing to complete part of bond issue last year hit capital
The statue of Sallustio Bandini, an economist and politician, stands in front of the Monte dei Paschi di Siena SpA bank headquarters in Siena.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Banca Monte dei Paschi di Siena SpA just can’t seem to put its troubles behind it.
After more than a year of digging itself out from a collapse that ended in a state takeover, the Tuscan lender faces renewed concerns about its capital and profitability. Along with Banca Carige SpA’s struggles, that’s adding to the perception that Italian banking at large is still far from fixed.