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 …
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UniCredit CEO says ‘we’ll see’ when asked about Monte dei Paschi -CNBC
MILAN (Reuters) -UniCredit Chief Executive Andrea Orcel on Wednesday did not rule out the Italian bank reassessing a potential acquisition of Monte dei Paschi di …
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 …
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) …
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 …
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 …
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 …
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 …
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 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 …
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 …
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 …
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 …
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 …
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 …
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 …
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), …
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 …
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 …