World's oldest bank Monte dei Paschi di Siena cut to 'junk' by Moody's

The world's oldest bank has been cut to "junk" by Moody's, as the rating agency warned that there was a "material probability" that the lender may need another cash injection from the Italian government.

Source: http://telegraph.feedsportal.com/c/32726/f/579300/s/249f5dcf/l/0L0Stelegraph0O0Cfinance0Cfinancialcrisis0C96178350CWorlds0Eoldest0Ebank0EMonte0Edei0EPaschi0Edi0ESiena0Ecut0Eto0Ejunk0Eby0EMoodys0Bhtml/story01.htm

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