Italy's government set to bail out world's oldest bank with last-ditch rescue fund

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Italy's government set to bail out world's oldest bank with last-ditch rescue fund

People walk past an office of Italian bank the Monte Dei Paschi di Siena (BMPS) on December 22, 2016 in Rome. Italy's parliament has approved a 20 billion-euro ($20.8 billion) rescue fund for Monte dei Paschi di Siena after the embattled lender's last-ditch private sector rescue plan failed to secure an anchor investor. (Photo by Jacopo Landi/NurPhoto)


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