We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Tuscan raiders

8 August 2016 By Dominic Elliott

Counting payments for its latest rescue, Monte dei Paschi will have paid $1.4 bln in investment banking fees since 2007 – twice its market value. All four of the Italian lender’s rights issues were short-term fixes for dubious political ends. And all have lined banker pockets.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)