Monte dei Paschi is a simpler case. The only major bank to fail the European Banking Authority's (EBA) most recent stress test, it has lost €15 billion over the past five years because it has nearly €30 billion in non-performing loans on its books. A plan developed to save Monte dei Paschi involves slashing 2500 jobs, closing 500 of its 2000 branches, selling-off its non-performing loans and its payment processing system, and raising capital through a debt-to-equity swap and a €5 billion share issue. By October 27, Deutsche Bank shares were trading at €14.60, one-tenth of its 2007 high point. On the same day, trading in Monte dei Paschi shares was suspended after they fell to €0.27 on the announcement of the restructuring plan. In 2007 they had reached a high of €108.52. Debt and insolvency threat These enormous collapses in share value would seem to confirm the predictions of impending disaster.