Martedì, 16 Ottobre 2018

Grilli says no evidence of other banks with MPS's problems


(see related story)
Turin, January 24 - Economy Minister Vittorio
Grilli said on Thursday that there was no evidence other Italian
banks were in the same plight as Monte dei Paschi di Siena
(MPS), which has been hit by a derivatives scandal.
"The situation of MPS is not a new thing. It's not a bolt
from the blue," Grilli said of Italy's third-biggest lender,
which needed to request a 3.9-billion-euro bailout from the
government last year.
"We have known about its problems for a year. I don't have
evidence of problems in other banks.
"It is the Bank of Italy's competence to do checks".

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