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Financials

Monte dei Paschi expects answer on bad loan plan within weeks-CEO

MILAN, Nov 6 (Reuters) - Monte dei Paschi expects discussions between Italy and European competition authorities on a large-scale problem loan clean-up at the state-owned bank to yield more clarity in a few weeks, its chief executive said.

“It’s an ongoing discussion which has been going on for quite some time so I’m hopeful that in a matter of weeks we might have more light in this respect,” Marco Morelli told an analyst call on Wednesday. (Reporting by Valentina Za; editing by James Mackenzie)

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