About: Banca Monte dei Paschi

Banking union 11-07-2017

Europe to improve disclosure of ‘bad loans’ for all banks

European authorities will prepare by the end of next year enhanced disclosure requirements on bad loans to all banks as part of an action plan to tackle the risk of non-performing loans (NPL).
Economy & Jobs 26-06-2017

Italy coughs up €17bn to deal with two troubled banks

Italy will pay up to €17 billion to break up two insolvent Venetian banks, which have posed a threat to the country's banking system, the government announced Sunday (25 June).
Banking union 07-06-2017

EU banking resolution rules pass credibility test with Banco Popular

The new Single Resolution Board intervened for the first time early this morning (7 June) to save Banco Popular, a troubled Spanish bank whose deposits were protected without using taxpayers’ money after Banco Santander decided to acquire its assets.
Economy & Jobs 01-06-2017

Monte dei Paschi bailout accepted with severe restructuring plan

The European Commission and Italy agreed on a bailout for embattled bank Monte dei Paschi that would pave the way for the injection of billions of euros.
Economic governance 23-03-2017

Italy to stretch EU rules again with new bank bailout

Italy's plans to bail out two regional banks pose a dilemma for European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light.
Euro & Finance 02-01-2017

German think tank: Italy risks quitting eurozone

The head of Germany's Ifo economic institute believes Italians will eventually want to quit the euro currency area if their standard of living does not improve, he told German daily Tagesspiegel (1 January).
Euro & Finance 15-12-2016

Juncker: Italy’s banking problems can be solved, EU will help

Italy's banking problems can be solved and the EU will do everything to help, European Commission chief Jean-Claude Juncker said yesterday (14 December), dismissing fears of something akin to the euro crisis.
Elections 13-12-2016

Italy ‘strong, optimistic’ as new cabinet sworn in

Italian Prime Minister Paolo Gentiloni's new cabinet was officially sworn in yesterday (12 December) as the eurozone's third largest economy raced to reassure Europe its political crisis was over.
Elections 12-12-2016

Renzi ally Gentiloni named as Italy’s new PM

With a brewing banking crisis as a backdrop, Paolo Gentiloni was named Italy's new prime minister on Sunday (11 December), filling a void left by close ally Matteo Renzi, who quit after a crushing referendum defeat.
Euro & Finance 30-09-2016

Bank of Italy head says wise to be ready for state aid for banks

Italy has asked for more time to sell four small savings banks it bailed out last year, the European Commission said on Friday (29 September), saying it was open to the request.

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