EU stress tests show world’s oldest bank would be wiped out in economic shock. MontePaschi “would see its capital wiped out in a severe economic downturn, according to European stress tests … MPS’s ratio of common equity to risk-weighted assets dropped from 9.86 per cent to minus 0.1 per cent, effectively rendering it insolvent”
https://www.ft.com/content/c4207dc7-578f-428e-bb72-6aabbaf31f57