Italy
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The €2.5bn dilutive rights issue accompanies a four year strategic plan
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But analysts suggest latest Pepp holidngs may not reflect up to the minute ECB buying
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Investment grade market keeps churning out deals
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• The way out of UK market disarray • Italian banks in a better state • Bring back the bonus cap, say bankers
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Banks are well prepared to face increased funding costs from negative macro outlook
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Election conclusion paves the way for the long-awaited recapitalisation of Monte dei Paschi di Siena
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Monte Paschi di Siena is preparing to raise €2.5bn
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The prime minister-elect will not want to jeopardise Italy's access to EU help
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Sovereign pair move ahead of ECB rates verdict and anticipated EU supply
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By scrapping the 'all or nothing clause', the bank may apply a special Italian mechanism for highly dilutive rights issues
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