Italy says banking system untouched by troubled lender
- Published: 30 Jan 2013 at 00.44
- Online news: World
Italy's finance ministry on Tuesday said the crisis surrounding Banca Monte dei Paschi di Siena had no effect on the rest of the banking system, after the government gave the go-ahead for a 3.9-billion-euro ($5.3-billion) bailout for the troubled lender.
People in Siena walk past the headquarters of Banca Monte dei Paschi di Siena, the world's oldest bank, on January 25, 2013. Italy's finance ministry on Tuesday said the crisis surrounding Banca Monte dei Paschi di Siena had no effect on the rest of the banking system, after the government gave the go-ahead for a 3.9-billion-euro ($5.3-billion) bailout for the troubled lender.
"The bank overall has a solid capital situation," the ministry said in a statement after a meeting of the government's financial stability committee.
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