Monte Dei Paschi commits to divesting assets worth €400m
Embattled Italian bank Monte Dei Paschi di Siena (MPS) has committed to divest assets worth up to €400m, Reuters reported citing a document. The…
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AXA to invest at least €100m in Monte Dei Paschi di Siena
France-based insurance major AXA is looking to invest at least €100m in Italian banking group Monte Dei Paschi di Siena (MPS), Reuters reported, citing people familiar…
Monte dei Paschi secures ECB permit for capital raising
Italian lender Monte dei Paschi di Siena has received approval from the European Central Bank (ECB) to raise capital despite…
Monte Dei Paschi considers raising €2.5bn capital in tranches
Italian bank Banca Monte Dei Paschi di Siena (MPS) could raise €2.5bn in stages, Reuters reported citing local newspaper La Repubblica. The capital raising…
Monte dei Paschi and unions reach agreement to cut 3,500 jobs
Embattled Italian lender Banca Monte dei Paschi di Siena (MPS) has reached an agreement with trade unions to cut thousands of jobs.…
Italy gets more time from EC to divest stake in Monte dei Paschi
Italy has received an extension from the European Commission (EC) to complete the revised restructuring targets and to sell a stake in…
Italy’s UniCredit partners with bad loan specialist Prelios
Italian banking group UniCredit has reached an agreement with bad loan specialist Prelios for the specialised management of unlikely-to pay (UTP) loans.…
Italian lender MPS considers raising €2.5bn to fund new plan
Italian lender Monte dei Paschi di Siena (MPS) is mulling to raise €2.5bn ($2.6bn) to support a new recovery plan,…