Money talks: How the weakest bank in Europe just got weaker
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 6 December 2016
⏱️ 16 minutes
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| 0:00.0 | This is a passenger announcement. You can now book your train on Uber and get 10% back in credits to spend on Uber eats. |
| 0:11.0 | So you can order your own fries instead of eating everyone else's. |
| 0:15.0 | Trains, now on Uber. T's and C's apply. Check the Uber app. |
| 0:20.0 | Hello. I'm Simon Long, the finance editor, and you're listening to Money Talks. |
| 0:29.2 | Coming up later, will all companies rush back into exploration after the OPEC move to rescue prices? |
| 0:35.0 | They're just beginning to sort of savour the possibility of a recovery in the oil price. |
| 0:42.0 | You know, that will change their way of doing business. of a |
| 0:45.0 | top-of-the-range-one-you know that will change their way of doing business. And how a top-of-the-range motorbike start up in Brooklyn |
| 0:48.0 | is maximizing digital technologies to bring down the cost of development. |
| 0:52.0 | What we call the digitization of manufacturing... to bring down the cost of development. |
| 0:53.0 | What we call the digitization of manufacturing, what some people call industry 4.0, the whole economics |
| 0:59.6 | for the game are changing. |
| 1:03.7 | But to start, after the recent referendum in Italy, the world's financial markets |
| 1:07.8 | are jittery about that country's banking crisis, and in particular, liquidity issues facing Banker Monte de Pasqui de Pasqui de Siena or |
| 1:15.5 | MPS, the world's oldest bank and Italy's third largest. |
| 1:19.9 | To discuss the crisis I'm joined by Patrick Lane, the economist's banking editor. |
| 1:25.0 | Patrick, MPS badly needs to raise new capital. |
| 1:28.0 | Has the no vote in referendum made that harder for it? |
| 1:31.0 | Yes, Simon, it seems to have done. MPS does need to raise new capital. made that |
| 1:33.4 | NPS does need to raise new capital the plan was always looking touch and go anyway |
| 1:38.0 | and the referendum result does seem to have made it harder the plan is quite |
| 1:41.8 | complicated the plan that MPS and its bankers came up with a few months |
... |
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