About: Monte dei Paschi
Italy delays presentation of plan to sell Monte Paschi stake
Italy will delay to early 2020 the presentation of a plan to sell its stake in Monte dei Paschi di Siena, the Treasury said on Sunday (29 December), as the bank struggles to shed bad loans.
Cracks appear in ECB united front as top banker goes off message
The European Central Bank (ECB) could soon start planning an exit from its unprecedented stimulus programme, one of its executive board members said yesterday (24 January), in a rare public discussion about ending its asset buying scheme.
Italian government approves decree to rescue Monte dei Paschi
The Italian government approved a decree early on Friday (23 December) that will open the way for the rescue of Monte dei Paschi di Siena after the world's oldest bank failed to win backing from investors for a vital capital increase.
Sources: Italy prepares to pump €15 bln into ailing banks
Italy's government is ready to pump €15 billion into Monte dei Paschi di Siena and other ailing banks, sources said, as the country's third-largest lender pushes ahead with a private rescue plan that is widely expected to fail.
Renzi resigns, Italian president to consult with parties
Italian Prime Minister Matteo Renzi resigned yesterday (7 December) after a bruising referendum loss at the weekend, with most parliamentary factions pushing for an early election in a few months' time.
JPMorgan Chase planned to buy Italy’s troubled Monte Paschi
JPMorgan Chase wanted to buy troubled Italian rival BMPS but abandoned the plan over fears it would be vetoed by US regulators and opposed in Italy, people close to the deal told AFP on Wednesday (3 July).