Tag Archives: Coco

The Economist reports about plans for Monte dei Paschi’s future: … retail investors in the bank’s junior bonds, many of them ordinary customers. European state-aid rules say that they should lose their money along with shareholders. Technically, they will. In fact, to preserve their savings and avoid a political outcry, they will be deemed to have been “mis-sold” the bonds: they will receive shares which will in turn be swapped for new, safer bonds. Italy has to come up with a...

They have been increased. The illustration is taken from Finanz und Wirtschaft. Report by Hansueli Schöchli in the NZZ.