Monte Paschi Plunges As Much As 39% On Debt-For-Equity Fears After Surging In Past Week
October 25, 2016 at 08:36 AM EDT
The bank's new CEO Marco Morelli, on the job just 6 weeks, announced he would lay off 2,600 as he targets a profit of 978 million euros in 2018 and 1.1 billion euros in 2019.
