Italy court postpones derivatives trial verdict on ex Monte Paschi execs
MILAN (Reuters) – An Italian appeals court on Monday postponed its verdict in the case of three former executives of Banca Monte dei Paschi di Siena over derivative deals blamed for playing…
ECB sets capital requirements for Monte dei Paschi for 2023, removes dividend ban
MILAN (Reuters) – The European Central Bank has set the minimum capital requirements for Banca Monte dei Paschi di Siena (MPS) for next year and also removed a ban on the distribution…
Italy’s Monte dei Paschi says cash call 96.3% covered
By Valentina Za MILAN (Reuters) -Investors in Monte dei Paschi di Siena have taken up 96.3% of the Italian lender’s 2.5 billion euro ($2.4 billion) new share issue, leaving less than 100…
Monte dei Paschi’s M&A challenge looms as share sale starts
By Valentina Za and Giuseppe Fonte MILAN (Reuters) – Monte dei Paschi di Siena’s management and Italian Treasury officials are ready to revive talks with potential buyers once the world’s oldest bank…
Monte dei Paschi kicks off 2.5 billion euro cash call
MILAN (Reuters) – Italy’s Monte dei Paschi di Siena launched on Monday a new share sale, its seventh in 14 years, seeking to raise up to 2.5 billion euros ($2.4 billion) to…
Monte dei Paschi to launch seventh cash call in 14 years
MILAN (Reuters) – Monte dei Paschi di Siena (MPS) on Thursday set the terms of an up to 2.5 billion euro ($2.4 billion) cash call it will launch on Monday. Here is…
Monte dei Paschi to get some $29 million from local banking foundations – source
FLORENCE, Italy (Reuters) -Monte dei Paschi di Siena is set to get around 30 million euros ($29 million) for its new share issue from local banking foundations, including the Tuscan bank’s former…
Monte dei Paschi unions say 4,125 staff ready to exit
FLORENCE, Italy (Reuters) -Unions at Monte dei Paschi di Siena on Tuesday said 4,125 employees of the state-owned bank had come forward to take up an early exit scheme. Monte dei Paschi…
Axa may invest at least $98 million in Monte dei Paschi
By Valentina Za MILAN (Reuters) – French insurer Axa is considering investing at least 100 million euros ($97.99 million) in a new share sale by Monte dei Paschi di Siena (MPS) without…
Monte dei Paschi investors back latest cash call in stormy markets
By Silvia Ognibene and Valentina Za SIENA, Italy (Reuters) -Shareholders in Monte dei Paschi di Siena (MPS) on Thursday approved a new share sale for up to 2.5 billion euros ($2.5 billion),…
Monte dei Paschi shareholders approve seventh cash call in 14 years
MILAN (Reuters) – Shareholders in state-owned Monte dei Paschi di Siena (MPS) on Thursday approved a 2.5 billion euro ($2.5 billion) cash call. Here is a timeline of key events in the…
Monte dei Paschi’s junior debt rallies on Anima’s support for cash call
MILAN (Reuters) – Junior bonds in Monte dei Paschi di Siena (MPS) rallied on Tuesday, adding to the previous day’s gains, supported by news of possible investor interest in a planned 2.5…
Monte dei Paschi seals deal with unions over exit of 3,500 staff
MILAN – Italian state-owned bank Monte dei Paschi di Siena reached an accord with unions over thousands of job cuts which are part of commitments Rome agreed this week with the European…
Armed Drug Dealer from Monte Visa Sentenced to 16 Years in Federal Prison
DURANGO – The United States Attorney’s Office for the District of Colorado annoucnes Karl Kloeppel of Monte Vista, Colorado, was sentenced to 192 months (16 years) in federal prison, followed by four…
Monte Vista Man Pleads Guilty to Burglary of a United States Post Office
DENVER – The U.S. Attorney’s Office for the District of Colorado announces that Edward Anthony Medina, age 60, of Monte Vista, CO, pleaded guilty to burglary of a United States Post Office.…
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
By Valentina Za MILAN – State-owned Monte dei Paschi di Siena (MPS) on Thursday announced a 2.5 billion euro ($2.6 billion) cash call under new Chief Executive Luigi Lovaglio. Here is a…
Italy sees EU nod over Monte dei Paschi nearing – sources
By Giuseppe Fonte and Valentina Za ROME – Italy expects to reach an informal agreement with European Union authorities soon over new restructuring goals for Monte dei Paschi di Siena (MPS) and…
UniCredit CEO rules out reopening of Monte dei Paschi talks
ROME – UniCredit Chief Executive Andrea Orcel ruled out on Tuesday that talks with Italy’s Treasury over the sale of state-owned bank Monte dei Paschi di Siena could resume. “The negotiations are…
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
MILAN – An appeals court on Friday acquitted all 13 defendants, as well as Deutsche Bank and Nomura, over derivative deals that prosecutors alleged helped Monte dei Paschi di Siena hide losses…
Italy sets aside more money to boost capital at Monte dei Paschi – sources
By Giuseppe Fonte ROME – Italy is beefing up a 1.5-billion-euro ($1.6 billion) money pot destined for state-owned bank Monte dei Paschi di Siena (MPS), three sources close to the matter said,…
Italy expects to sell Monte dei Paschi after restructuring
By Giuseppe Fonte and Valentina Za ROME – Rome expects to return Monte dei Paschi di Siena into private hands only after the bailed-out lender completes restructuring steps it is currently discussing…
Monte dei Paschi set to name veteran banker Lovaglio as CEO, sources say
By Giuseppe Fonte ROME – Italy’s Monte dei Paschi di Siena (MPS) could name a new chief executive as early as Monday after the state-owned bank’s nomination committee proposed the former head…
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