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Breakingviews - AXA's fling with Monte Paschi ends on high note

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Breakingviews - AXA's fling with Monte Paschi ends on high note

AXA Chief Executive Thomas Buberl has emerged victorious from a risky bet. With its 200-million-euro investment in Banca Monte dei Paschi di Siena , the French insurer was one of the largest backers of a crucial 2.5-billion-euro capital increase that the hard-beaten lender secured in November. The Italian bank, majority-owned by the state, had initially struggled to

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Breakingviews - AXA's fling with Monte Paschi ends on high note

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Breakingviews - AXA's fling with Monte Paschi ends on high note

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