Banca Monte Dei Paschi di Siena

Finance

Bank Runs Have Begun in Italy

MILAN — A “run” has begun on Italian Banks, with Depositors taking out money in a PANIC, fearing they will lose everything if they leave their money deposited. Banca Monte Dei Paschi di Siena SpA’s shares shed one-fifth of their value after plunging for a third consecutive day Wednesday, as the bank scrambled to reassure investors its finances are solid.…