Yen Strengthens on Tokyo Inflation as Dollar Awaits US Jobs Data 
Wall Street Edges Higher as Treasury Yields Retreat 
Bank of America Sees EUR/USD at 1.15 by Year-End 
G20 Divided Over US Push to Curb Industrial Overcapacity 
Oil Prices Hold Steady as Middle East Supply Risks Persist 
Dollar Hits Three-Month High as US Treasury Yields Surge 
Asian Stocks Rise as Bond Yields Ease Ahead of U.S. Inflation Data 
Middle East Oil Exports Recover as Tanker Costs Surge 
Nasdaq Futures Jump as Micron Earnings Boost AI Trade 
Tokyo Inflation Jumps to 2.7%, Boosting BOJ Rate Hike Expectations 
Gold Prices Slip as High Treasury Yields Weigh on Bullion 
Scope Warns US Debt Could Hit 160% of GDP 
Add as a preferred source on Google
Italy's banking sector is saddled with 356 billion euros of bad loans, around a third of the euro zone's total. Monte dei Paschi di Siena the country's third-largest lender is pushing ahead with a private rescue plan that is widely expected to fail.
According to the private rescue plan advised by investment banks JPMorgan and Mediobanca, Monte dei Paschi di Siena plans to raise equity to remove 28 billion euros in bad loans from its books. The bank has until December 31 to raise €5 billion in equity or face being wound down by the European Central Bank, potentially triggering a wider banking and political crisis in Italy.
La Repubblica newspaper on Thursday reported as sources close to the matter saying that the government will pump €15 billion into the Siena-based lender and several other smaller banks to prevent such a crisis. Unlisted regional banks Banca Popolare di Vicenza and Veneto Banca, which were rescued this year by a state-backed fund, may also get support from the state, sources said.
