Monte dei Paschi di Siena

Monte dei Paschi di Siena is Italy’s oldest and one of its largest banks, founded in 1472. It has a long history of providing banking services, especially to local communities and businesses. Over the years, it has faced financial challenges due to economic changes and management issues, leading to periods of instability. The bank has undergone restructuring and recapitalization efforts, often with government support, to strengthen its financial position. Today, it continues to operate as a major banking institution in Italy, focusing on retail banking, corporate services, and maintaining its historical significance.