#Atlante

By Bill Blain of Mint Partners “Bring out you dead, bring out your dead… Here, he says he’s not dead.” <Crump>.. “Oh yes he is..” Monte Dei Paschi, the world’s oldest bank, and Europe’s longest running banking pustule was lanced yesterday. Whether it cures the raging plague rife

Two weeks after the first, and biggest, European bank bail-in took place under the relatively new European bank resolution mechanism, the EBRD, when Spain's Banco Popular wiped out the holders of its most risky securities, including equity and AT bonds, and then selling what was left of the bank to

Authored by Wolf Richter via WolfStreet.com,  ECB shuts down Veneto Banca and Banca Popolare di Vicenza. When banks fail and regulators decide to liquidate them, it happens on Friday evening so that there is a weekend to clean up the mess. And this is what happened in Italy – with two banks!