The world's oldest bank is about to get saved by the government - but there's a catch

The world’s oldest bank, Monte dei Paschi di Siena, is poised for a multi-billion state bailout after it admitted on Wednesday that a private rescue plan was unlikely to succeed. The Italian parliament looks set to step in to save Monte dei Paschi di Siena, recently judged the weakest of the European Union's major banks, over the next few days using a new €20bn (£17bn) rescue fund designed to prop up Italy's struggling lenders.
Read more: http://www.independent.co.uk/news/business/news/monte-dei-paschi-di-siena-bailout-italy-government-state-private-rescue-fund-fail-a7489601.html?source=Snapzu