The Oldest Bank In the World Is On The Verge Of Collapsing Read more: http://www.businessinsider.com/monte-paschi-faces-collapse-2013-12#ixzz2ozPb7qOe

"A delay to vital fundraising at Banca Monte dei Paschi di Siena<BMPS.MI> has increased the risk that Italy's third-biggest bank has to be nationalized, a move the government would like to avoid.

Shareholders led by the biggest investor in the bailed-out bank rejected plans for a 3 billion euro ($4 billion) share sale in January and postponed the capital raising until after May 12.

The bank's chairman and its chief executive may resign following the unprecedented clash with the main shareholder in the Siena-based lender, a charitable banking foundation with close ties to local politicians..."

at http://www.businessinsider.com/monte-paschi-faces-collapse-2013-12#ixzz2ozPfc8r5