Monte dei Paschi’s liquidity is expected to run out in four months instead of 11 months as previously forecast, according to an updated document on the bank’s website. The headline doesn’t help as the clock is ticking to the last attempt to try and save BMPS (OTCPK:BMDPY) from a bailout. In terms of a deadline, the lender apparently has until 2 p.m. local time to convert investors’ debt to equity in its latest swap.
Monte dei Paschi’s liquidity is expected to run out in four months instead of 11 months as previously forecast
