World’s Oldest Bank Fizzles Out

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During the Global Financial Crisis, we saw that no bank or institution was too established to fail (hello Lehman’s).

Now, Banca Monte dei Paschi di Siena SpA, one of the world’s oldest banks, is being shopped around for a potential rescuer/buyer.

Marred by years of scandals and bailouts and loaded full of risks – finding a potential suitor is proving to be difficult.

None of this is surprising to industry players but sad to see none the less.