Wealth and Asset Management
Monte dei Paschi narrows capital shortfall, gets wealth management boost
Banca Monte dei Paschi di Siena SpA expects its capital shortfall will reduce to about €500 million at June 2022, compared to an earlier estimate of €1.5 billion made in November 2020. This is due to "commercial performance and capital management actions," including a decision to postpone redundancies and related…
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