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MontedeiPaschi

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Italy's MPS reorganises to cope with staff exits but unions unhappy

(Recasts adding details) MILAN, Nov 28 (Reuters) - Italian banking unions on Monday voiced concerns at a reorganisation being implemented by state-owned lender Monte dei Paschi di Siena BMPS.MI as it prepares for the departure of thousands of staff from this week. Monte dei Paschi this month raised 2.5 billion euros ($2.6 billion) in cash, braving stormy markets with a new share issue, with more than a third of the proceeds being earmarked to help fund staff exits and boost profits thanks to low
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Italy's Monte dei Paschi posts loss after $950 mln lay-offs hit

By Valentina Za MILAN, Nov 11 (Reuters) - State-owned Italian bank Monte dei Paschi di Siena (MPS) BMPS.MI said on Friday it had booked 925 million euros ($950 million) in charges relating to cutting nearly 20% of its staff, resulting in a 388 million euro third quarter loss. To fund a generous early retirement scheme and replenish its capital reserves, MPS this month raised 2.5 billion euros ($2.6 billion) in a new share issue, five years after an 8 billion euro bailout that handed the Italian
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Italy's Monte dei Paschi says cash call 96.3% covered

* Underwriters left with 93 mln euros in unsold stock * Concerns about unsold shares risked derailing capital raise By Valentina Za MILAN, Nov 3 (Reuters) - Monte dei Paschi di Siena BMPS.MI on Thursday said investors had taken up 96.3% of its 2.5 billion euro ($2.4 billion) new share issue, leaving less than 100 million euros on the books of the banks that agreed to back the risky sale.
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MPS set to raise up to further 112 mln euros from leftover cash call rights

MILAN, Nov 2 (Reuters) - Monte dei Paschi di Siena BMPS.MI is set to raise up to another 112 million euros from investors who bought rights to subscribe to the bank's 2.5 billion euro ($2.5 billion) capital increase not taken up by its existing shareholders, Reuters calculations based on Refinitiv data BMPS_r.MI showed. The leftover subscription rights have been auctioned on the Milan bourse on Tuesday and Wednesday.
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MPS set to raise further 112 mln euros from leftover cash call rights

MILAN, Nov 2 (Reuters) - Monte dei Paschi di Siena BMPS.MI is set to raise another 112 million euros from investors who bought rights to subscribe to the bank's 2.5 billion euro ($2.5 billion) capital increase left behind by its shareholders, Reuters calculations on Refinitiv data BMPS_r.MI showed. The subscription rights which Monte dei Paschi's shareholders have chosen not exercise during the cash call's offering period have been auctioned on the Milan bourse on Tuesday and Wednesday.
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