It emerged last week Monte dei Paschi's CEO Fabrizio Viola was under investigation for alleged false accounting and market manipulation in a case involving derivatives trades.
The investigation hits the Tuscan lender as it readies a 5 billion euro stock sale to strengthen its balance sheet after emerging as the weakest bank in Europe in July stress tests."Not at all," Renzi said when asked if he was concerned for the lender on the sidelines of a public interview. (Reporting by Silvia Ognibene, writing by Stephen Jewkes)Italy's Renzi not worried at all about Monte dei Paschi
JERZY DUDEK
TOP READS FROM THE FISCAL TIMES
-
Lawsuit saying Twitter aided Islamic State thrown out by U.S. appeals court
(Reuters) - A federal appeals court in San Francisco ruled on Wednesday that Twitter Inc is not liable to families of... -
Boeing ends Wall St.'s slide, Fed caution limits gains
(Reuters) - A surge in Boeing led Wall Street out of a two-day slump on Wednesday, but U.S. stocks pared gains in early... -
U.S. food distributors allege Tyson Foods, rivals fixed chicken prices
CHICAGO (Reuters) - Top U.S. food distributors Sysco Corp and U.S. Foods Inc have sued the country's biggest chicken...