Who Profits the Most from Italy’s Banking Crisis?

JP Morgan’s deal “would be great for Italy”: CEO Jamie Dimon.

‘Bank bailouts are a big profitable business. And the collapsing Italian bank Monte dei Paschi di Siena – whose stock is nearly worthless (€0.25), and which was “rescued” twice by investors since 2014, and which now must get an even larger “rescue” or else – has turned into fee nirvana for investment banks, particularly JP Morgan.’
Read more: Who Profits the Most from Italy’s Banking Crisis?