Monte Paschi faces 'radically different' restructuring

摘要

MONTE DEI PASCHI DI SIENA is still negotiating with the European Commission about how many jobs to cut in a radical restructuring plan that is a condition for a state rescue of the Italian bank, chief executive Marco Morelli said. The world's oldest bank, whose troubles date back several years, asked for state support in December after failing to raise €5bn (US$5.3bn) on the market to shore up its capital.