Moody's warns 5 Italian banks could struggle in ECB test

10/28/2013 | Reuters

A Moody's Investors Service report says five Italian banks, including Banca Monte dei Paschi di Siena, likely will face a capital shortfall when the European Central Bank conducts a stress test of eurozone lenders. "It will be challenging for these banks to close capital shortfall with private resources, which raises the possibility of a public intervention and ultimately a bail-in," according to the credit rating agency.

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