Next week, Italian bank Banca Monte dei Paschi di Siena may announce a sale of about 50 million euros of its division in Belgium to the American investment fund Warburg Pincus, L’Echo reported, citing informed sources. The Belgian business of the bank is represented by its eight branches. They provide account opening and investment management services, as well as provide loans to individuals and legal entities. The agreement concluded earlier by the Italian bank with the European Commission, involves the sale of the Belgian business and units in France. The agreement allowed the Italian authorities to assist Monte Paschi in the amount of 5 billion 400 million euros.
Pandemic crisis to hit economic growth in Asia, China, World Bank says30.03.2020
New Zealand central bank increases liquidity for businesses27.03.2020
Reserve Bank of India slashes interest rates in urgent bid to bolster virus-hit economy23.03.2020
Stocks suffer as countries stop business operations to contain virus