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Daily Digit: Monte Paschi's Revival Plan

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Daily Digit: Monte Paschi's Revival Plan
AIRED:
2.5 billion euros is today's daily digit - the extra capital Monte dei Paschi has agreed to raise to avoid nationalisation. The revised plan - the first one was rejected by EU regulators - includes cutting an extra 3,400 jobs. That takes the total losses to around 8,000. It must also make savings of 400 million euros in order to qualify for a European Commission bailout. The world's oldest bank came close to collapse last year due to the euro zone debt crisis.moreless
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