ABN curse strikes again?

Italy’s bank bailout is still up in the air, but Banca Monte dei Paschi looks increasingly underwater after overpaying Santander for ABN Amro’s Antonveneta. The Sienese bank is short of capital and can’t sell assets now. It appears a leading candidate for a government recap - and becoming the third victim of ABN Amro’s curse. BMPS follows the Royal Bank of Scotland and Fortis in finding itself dangerously undercapitalised after contact with the ABN Amro carve-up. The Italian bank, which claims ...