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MontedeiPaschi


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Italy's Monte dei Paschi seeks 2.5 bln euros for latest relaunch plan

* Targets 3,800 voluntary staff exits in November * Secures pre-underwriting accord with group of banks * To lower costs, replenish capital with cash call (Updates reference to TIMELINE in paragraph 6, shares) By Valentina Za and Silvia Ognibene SIENA, Italy, June 23 (Reuters) - Italy's Monte dei Paschi di Siena (MPS) is to seek 2.5 billion euros (
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Italian bank shares sink further on government debt jitters

* Italy risk premium vs Germany at fresh 2-yr high of 244 bps * Banking index down 3.6% after 8.5% drop on Friday * Monte dei Paschi faces more costly capital raising * Banks have cut BTP holdings, remain exposed to loan losses By Valentina Za MILAN, June 13 (Reuters) - Shares in Italian banks plunged further on Monday as investors fretted about Ro
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Italy expects to cap MPS cash call at $2.6 billion in latest plan-sources

* New strategy plan sticks to 2.5 bln euro cash call * Treasury confident size remains adequate * Legal costs seen lower after favourable court ruling * ECB to assess size of rights issue in June By Valentina Za, Giuseppe Fonte and Pamela Barbaglia MILAN, May 20 (Reuters) - Italy expects to cap Monte dei Paschi's cash needs at around 2.5 billion eu
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Italy expects to cap MPS cash call at $2.6 billion in latest plan -sources

* New strategy plan sticks to 2.5 bln euro cash call * Treasury confident size remains adequate * Legal costs seen lower after favourable court ruling * ECB to assess size of rights issue in June By Valentina Za, Giuseppe Fonte and Pamela Barbaglia MILAN, May 20 (Reuters) - Italy expects to cap Monte dei Paschi's cash needs at around 2.5 billion eu
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Deutsche Bank, Nomura win appeal in Monte dei Paschi case

* Banks, defendants cleared in derivatives case * Ruling overturns judgment made in 2019 * Prosecutors can take case to Italy's highest court * Financial punishments also withdrawn By Emilio Parodi MILAN, May 6 (Reuters) - An Italian appeals court on Friday acquitted all 13 defendants, as well as Deutsche Bank and Nomura, over derivative deals that
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Italy sets aside more money to boost capital at Monte dei Paschi - sources

* MPS to get part of 925 mln euros Italy set aside this week * Funds come on top of 1.5 bln euros earmarked in 2020 for MPS * MPS CEO reviewing bank's accounts as he prepares new plan By Giuseppe Fonte ROME, May 5 (Reuters) - Italy is beefing up a 1.5-billion-euro ($1.6 billion) money pot destined for state-owned bank Monte dei Paschi di Siena (MPS
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Italy expects to sell Monte dei Paschi after restructuring

(Updates with quotes, detail, background) By Giuseppe Fonte and Valentina Za ROME, March 28 (Reuters) - Rome expects to return Monte dei Paschi di Siena BMPS.MI into private hands only after the bailed-out lender completes restructuring steps it is currently discussing with European Union authorities, Italy's economy minister said on Monday. Under
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Ukraine crisis could affect Monte dei Paschi's capital plans

* Must send ECB capital plan, bad loan strategy by March 31 * War could prompt MPS to revise capital needs * New CEO expected to prepare revised strategy in summer By Valentina Za and Giuseppe Fonte MILAN, March 23 (Reuters) - Monte dei Paschi di Siena BMPS.MI must submit an updated capital plan to the European Central Bank by end March, the Italia
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Monte dei Paschi set to name veteran banker Lovaglio as CEO, sources say

By Giuseppe Fonte ROME, Feb 5 (Reuters) - Italy's Monte dei Paschi di Siena BMPS.MI (MPS) could name a new chief executive as early as Monday after the state-owned bank's nomination committee proposed the former head of Poland's Bank Pekao PEO.WA for the job, sources said. Veteran Italian banker Luigi Lovaglio, 66, was picked by the committee on Fr
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Shares in Italian bank Carige fall after BPER picked for rescue deal

(Refiles to add name of Italian banking fund in para 2) * Deal would address longstanding banking headache * BPER on expansion path, to become No.4 bank by assets * Deal to cost healthy lenders 530 mln euros * Carige shares plunge 10.5%, BPER shares up By Andrea Mandala and Valentina Za MILAN, Jan 11 (Reuters) - Shares in Italian bank Carige CRGI.M
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Italian banking fund meets to pick Carige's buyer

By Andrea Mandala and Valentina Za MILAN, Jan 10 (Reuters) - The Italian fund that owns Carige CRGI.MI will meet on Monday to pick a buyer for the bank from among three suitors, with which to negotiate a sale it hopes will end a seven-year crisis at the ailing lender. Carige and bigger rival Monte dei Paschi di Siena BMPS.MI are the two main bankin
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UniCredit chairman says banking M&A needs European focus -La Stampa

By Valentina Za MILAN, Dec 27 (Reuters) - Banking mergers should be aimed at European expansion, UniCredit CRDI.MI Chairman Pier Carlo Padoan said in a newspaper interview on Monday, warning against deals that make lenders more domestically focused. UniCredit last year lost its domestic leadership to rival Intesa Sanpaolo ISP.MI , which took over m
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UniCredit chairman says mergers should make banks more European-paper

MILAN, Dec 27 (Reuters) - Mergers should help banks boost their European footprint, UniCredit Chairman Pier Carlo Padoan said in a newspaper interview on Monday, warning against the risk that deals could make lenders more domestically focused. "We must not let banks ... become more national instead of becoming more European," Padoan told La Stampa
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UniCredit's Orcel pledges profitable new chapter for Italian bank

(Refiles to correct to "this week" in lead) * Unveils business plan on Dec. 9 under new CEO Orcel * Markets expect extraordinary share buyback * Under pressure to revive revenue and profit * To bet on digital integration with product suppliers By Valentina Za MILAN, Dec 6 (Reuters) - Andrea Orcel must convince UniCredit CRDI.MI investors that he ca
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Italy in talks with EU to delay MPS privatisation beyond 2023, sources say

ROME, Dec 1 (Reuters) - The Italian Treasury is discussing with European Union authorities the possibility of extending by more than two years a 2021 deadline to cut Rome's 64% stake in ailing bank Monte dei Paschi di Siena (MPS) BMPS.MI , two sources told Reuters. Under the terms of a 5.4 billion euro ($6.12 billion) state bailout agreed with Brus
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Celebrations and tears; collapse of MPS talks leaves Rome chasing Plan B

* Treasury in talks with EU over new deadline, targets for MPS * Hard to lure private investors into new cash call - bankers * UniCredit share swap backed MPS cash call in failed deal * MPS set to turn first to insurance partner AXA - sources By Valentina Za and Giuseppe Fonte MILAN, Nov 15 (Reuters) - Staff at Monte dei Paschi di Siena BMPS.MI bra
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Italy's MPS to assess steps to cut more problem loans, legal risks -CEO

MILAN, Nov 8 (Reuters) - Italy's Banca Monte dei Paschi di Siena (MPS) BMPS.MI will analyse possible steps to further reduce its legal and credit risks as well as cut the size of the group by shedding unprofitable operations, its CEO said on Monday. Speaking at a parliamentary hearing, MPS Chief Executive Guido Bastianini said that in the coming we
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UniCredit CEO says July terms for MPS deal needed to reassure market

MILAN, Nov 8 (Reuters) - UniCredit CRDI.MI set strict terms in July for a potential merger with Monte dei Paschi BMPS.MI to reassure investors in relation to a deal that could be perceived by markets as being forced onto the bank by politics, CEO Andrea Orcel said. Addressing a parliamentary hearing on Monday, Orcel said the markets' reaction when
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UniCredit CEO says July terms for MPS deal needed to reassure market

MILAN, Nov 8 (Reuters) - UniCredit CRDI.MI set strict terms in July for a potential merger with Monte dei Paschi BMPS.MI to reassure investors in relation to a deal that could be perceived by markets as being forced onto the bank by politics, CEO Andrea Orcel said. Speaking at a parliamentary hearing on Monday Orcel said the markets' reaction to th
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Italy's Intesa eyes further targeted growth in Switzerland- CEO to TV

MILAN, Nov 8 (Reuters) - Intesa Sanpaolo ISP.MI could consider additional acquisitions of small private banks in Switzerland, Chief Executive Carlo Messina told Bloomberg TV on Monday, ruling out any significant expansion abroad in the coming years. Intesa is due to present a new business plan in February after buying mid-tier peer UBI last year to
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