Strength: Plan Works and Official

strength: We are confident that the full plan works, according to The Guardian. So far we can only wait and see, the official said. The official told the Guardian the ministry was fully confident that the world oldest bank would be able to carry through its plans to bolster its financial strength without recourse to the taxpayer. We think MPS will be able to raise capital on the markets over the next few days. MPS had asked the European Central Bank for an extension from the end of the year to 20 January to find the extra capital. Monte dei Paschi di Siena tries to keep 5bn rescue plan alive Read more Shares in Italy third largest bank have seesawed in recent days amid uncertainty about how it will meet regulator demands to find more capital after it was the weakest performer of any of the 51 banks tested by the European Banking Authority in an annual health check of the sector in July. (news.financializer.com). As reported in the news.