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    Ukraine to nationalize USA’s insolvent biggest bank

    Ukraine to nationalize USA’s insolvent biggest bank

    The most important bank in Ukraine, PrivatBank is dealing with a multibillion-dollar capital shortfall and desires to be nationalized to defend the savings of 20 million clients. The Ukrainian central financial institution stated PrivatBank had…

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    Italy approves bailout for Monte Dei Paschi

    Italy approves bailout for Monte Dei Paschi

    Italy’s cabinet has authorized a nation-bailout for the USA’s 1/3-largest financial institution, Monte Dei Paschi di, Siena. Prime Minister Paolo Gentiloni stated his government had accepted a €20bn ($21bn, £17.9bn) fund to assist Italy’s embattled…

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