Monte dei Paschi's shares price below bailout level

ArticleBanking crisisSeptember 22, 2017 - 4:21:09 AM

The bailout of Italy’s fourth-largest bank implied a large loss for the country’s taxpayers.

Shares in Monte dei Paschi di Siena (BMPS.MI) were implicitly valued at about 4.28 euros each on Thursday in the course of determining the payment due to investors who bought insurance against the Italian bank defaulting on its debt.

Source:Business Insider

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