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How JPMorgan could not save Italy’s problem bank
December 26, 2016 by publisher · Leave a Comment
MILAN/LONDON (Reuters) – On the morning of July 29, former Italian Industry Minister Corrado Passera was traveling in a high-speed train toward the medieval city of Siena, racing to meet the directors of the world's oldest bank to present them with a rescue plan. Monte dei Paschi di Siena, Italy's third-largest lender, was destined to be …
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How JPMorgan could not save Italy’s problem bank