Monte dei Paschi banks on restructuring plan

Monte dei Paschi banks on restructuring plan

Now playing Next

Monte dei Paschi banks on restructuring plan

Latest news bulletin | May 6th – Morning

Now playing Next

Latest news bulletin | May 6th – Morning

Iranian carpet shop owner Ali Faez works at his shop at the traditional bazaar of the city of Kashan, about 152 miles (245 km) south of the capital Tehran, Iran.

Now playing Next

How the rug got pulled from under Iran's traditional carpet weavers

The road to global climate efforts

Now playing Next

The road to global climate efforts

FILE - a Ukrainian serviceman on the frontline in eastern Ukraine, July, 2023.

Now playing Next

Ukrainians flee Russian advance as footage shows decimated village

Rescuers work at the site of a collapsed road section of the Meizhou-Dabu Expressway in Meizhou, south China's Guangdong Province, Wednesday, May 1, 2024.

Now playing Next

Highway collapse in southern China kills at least 36 people

FILE - Palestinians crowd together as they wait for food distribution in Rafah, southern Gaza Strip, Nov. 8, 2023.

Now playing Next

Northern Gaza in 'full-blown' famine: Senior UN official

Sweden's Sámi pay the price in Europe's quest for raw materials

Now playing Next

Europe's pursuit of metals exacts a toll on Sweden's Sámi community

Students gather at the Pantheon monument Friday, May 3, 2024 in Paris.

Now playing Next

Police remove pro-Palestine protesters from Paris university

Firefighters put out a fire after a house was hit by Russian shelling in Kharkiv, Ukraine, Saturday, May 4, 2024.

Now playing Next

Russian attacks on Orthodox Easter Sunday kill a woman in Kharkiv

Chinese President Xi Jinping and his wife Peng Liyuan wave as they arrive at Orly airport, south of Paris, Sunday, May 5, 2024.

Now playing Next

China president visits France, Serbia and Hungary: What is at stake?

An Israeli soldier walks past a line of tanks at a staging ground near the border with Gaza in southern Israel, May 5, 2024

Now playing Next

Israeli military asks 100,000 Palestinians to leave Rafah

Giorgia Meloni.

Now playing Next

Far right leads in Italy ahead of European elections: Euronews poll

Péter Magyar, a rising challenger to Hungarian Prime Minister Viktor Orbán, addresses people at a campaign rally in the rural city of Debrecen, Hungary, on Sunday, May 5, 2024

Now playing Next

Orbán challenger in Hungary mobilises thousands at demonstration

Updated: 25/10/2016 - 15:22

Video. Monte dei Paschi banks on restructuring plan

Italy's Monte dei Paschi says its restructuring plan includes writing off bad loans, job cuts and raising five billion euros in new capital.

Read full article

More from Markets

Yves Holenstein, Head of Custody & Staking at Bitcoin Suisse AG

Now playing Next

How Bitcoin and AI are going to transform our lives in 10 years

Stefan Bollingerm Co-head of EMEA, Goldman Sachs

Now playing Next

'We are positive but cautious': Goldman Sachs on best 2024 investments

A man walks past the Bank of England, at the financial district in London, on May 11, 2023.

Now playing Next

BoE and US Fed pause key rates in bid to bring down inflation

As European energy ministers gear up to meet on 17 October, France and Germany struggle to find a compromise.

Now playing Next

France and Germany do battle over EU power market reform

Latest video

Final, Temur Rakhimov (TJK) vs Teddy Riner (FRA)

Now playing Next

Judo Grand Slam Day 3: Titans of the Tatami

Workmen put the finishing touches on the media skybox for the Al-Jazeera satellite news channel inside Madison Square Garden in New York (AP Photo/Charlie Neibergall)

Now playing Next

Israel to shut down Al Jazeera offices amid rising tensions

An Ukrainian serviceman of the 72nd Separate Mechanized Brigade, lights candles during a Christian Orthodox Easter religious service, in Donetsk region, Ukraine, 4 May, 2024.

Now playing Next

Ukraine and Russia mark Orthodox Easter under shadow of war

Emmanuel Macron and Olaf Scholz

Now playing Next

Can Franco-German relations be rekindled over the Ukraine war?

German Chancellor Olaf Scholz speaking at Democracy Congress in Berlin

Now playing Next

German social democrats promise not to join forces with the right

1. POLLERES Michaela (AUT) 2. CVJETKO Lara (CRO) 3. GERCSAK Szabina (HUN) 3. PETERSEN POLLARD Kelly (GBR)

Now playing Next

Judo Grand Slam day two: The Dushanbe Dojo

Almost 90 migrants were saved off of the Libyan coast

Now playing Next

Almost 90 migrants rescued off Libyan coast

Cyber-security experts work at the Yves du Manoir stadium, Friday, May 3, 2024 in Colombes, outside Paris.

Now playing Next

'Cyberwarriors' prepare against attacks during Paris Olympics

Host Méabh Mc Mahon with Olena Abramovych, Ricardo Borges de Castro and Dorota Bawolek

Now playing Next

Brussels, my love?

Brussels, my love? Champage cracked open to celebrate the Big Bang

FILE - A Ukrainian soldier passes by a damaged apartment building in Chasiv Yar, the site of heavy battles with the Russian forces in the Donetsk region, Ukraine, Tuesday, May

Now playing Next

Situation 'dire' for Ukraine despite delayed US aid package

IJF

Now playing Next

Judo Grand Slam: day one at Dushanbe

EU Commission President Ursula von der Leyen during a ceremony to mark the 20th Anniversary of the 2004 EU enlargement, Wednesday, April 24.

Now playing Next

State of the Union: Enlargement nostalgia and new challenges in the EU

Strack-Zimmermann: Far-right would use election success to undermine EU

Now playing Next

the global conversation

Strack-Zimmermann: Far-right would use election success to undermine EU

Ukrainian President Volodymyr Zelenskyy talk with Britain's Foreign Secretary David Cameron in Kyiv, Ukraine, Thursday, May 2, 2024.

Now playing Next

Kremlin brands France and UK's Ukraine comments as 'dangerous'

FILE - A relative mourns Palestinian journalist Akram Al-Shafi'i, killed in the Israeli bombardment of the Gaza Strip, Jan. 6, 2024.

Now playing Next

Palestinian journalists awarded World Press Freedom Prize

Italian Premier Giorgia Meloni stands on a military jeep flanked by the Italian Army Chief of Staff Carmine Masiello, Friday, May 3, 2024.

Now playing Next

Meloni plans to rally Europe's centre-right in elections pledge