ECB: Monte Dei Paschi needs to raise 8.8 billion euros

Reuters reporting headlines from the ECB reported a day before, citing that the Monte Dei Paschi, the world’s oldest bank needs to EUR 8.8 million to fill in a capital shortfall.

Key Headlines:

Needs to plug a capital shortfall of 8.8 billion euros

ECB said the lender was solvent

But the liquidity position had rapidly deteriorated between the end of November and December 21