About: Monte dei Paschi

Economy & Jobs 30-12-2019

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.
Euro & Finance 25-01-2017

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.
Euro & Finance 23-12-2016

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.
Euro & Finance 16-12-2016

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.
Elections 08-12-2016

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.
Euro & Finance 04-08-2016

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).
Euro & Finance 27-07-2016

EU readies contingency plan for possible Monte Paschi wind down

European Union authorities are making contingency plans for the possible winding down of Banca Monte dei Paschi if the Italian lender has a poor reading in stress tests this week and no private or public support is available, an EU official said.
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