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Monte dei Paschi chairman says remains optimistic over bailout request

Reuters  |  ROME 

ROME (Reuters) - Monte dei Paschi's Chairman Alessandro Falciai said on Wednesday he remained optimistic over the outcome of the Italian bank's request for a state recapitalisation needed to fill an 8.8 billion euro capital shortfall.The European Central Bank's Chief Supervisor Daniele Nouy said on Monday a failure to review the Tuscan bank's assets before stress tests last year was opening up "additional discussions" about the bank's incurred losses, which can be covered only with private money.Monte dei Paschi's state aid request needs to be authorised by the European Commission after the ...

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First Published: Wed, May 17 2017. 17:15 IST