Italy’s economy ministry and UniCredit bank on Sunday announced that they are breaking off talks regarding a deal for a long-ailing Italian bank, Monte dei...
ROME — Italy’s economy ministry and UniCredit bank on Sunday announced that they are breaking off talks regarding a deal for a long-ailing Italian bank, Monte dei Paschi di Siena.
The ministry and UniCredit IT:UCG didn’t cite a reason for pulling the plug on negotiations in a joint statement. But Italian news reports on Saturdayr said there were differences over UniCredit’s request for recapitalization and over the number of layoffs if the deal were to be successfully concluded.
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