Likely Italian Government Will Help Banks: Agbo-Bloua

Banca Monte dei Paschi di Siena SpA will probably fail to lure sufficient demand for a 5 billion-euro ($5.2 billion) capital raise, said people with knowledge of the matter, making a state rescue likely. No anchor investor has shown interest in the recapitalization so far, the Siena-based company said in a statement late Wednesday after a board meeting. Two debt-for-equity swap offers will raise about 2 billion euros, with investors converting bonds for about 2.5 billion euros, the lender said. Societe Generale Global Head of Flow Strategy and Solutions Kokou Agbo-Bloua discusses the outlook for banks with Guy Johnson in London and Matt Miller in Berlin on "Bloomberg Markets: European Open." (Source: Bloomberg)

Bloomberg on Impact Technology Has on Global Economy
15:25 - The inaugural Bloomberg Global Business Forum brings together a collection of world leaders, global business executives and top investors to discuss innovative and collaborative ways to solve new opportunities and challenges to global economic growth. Michael Bloomberg, founder and majority owner at Bloomberg LP, and founder of Bloomberg Philanthropies, speaks with Francine Lacqua about the expectations he has for the event. (Source: Bloomberg)
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