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Monte dei Paschi job cuts will all be voluntary, union says

MILAN, Aug 3 (Reuters) - Italy's main banking union on Tuesday sought to allay concerns over job cuts at Monte dei Paschi BMPS.MI which are needed to pave the way for a possible sale of the state-owned bank to UniCredit CRDI.MI . UniCredit last week agreed to enter into exclusive talks with the Treasury to buy "selected parts" of Monte dei Paschi (
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Italy's Treasury under siege over Monte dei Paschi deal

* Economy Minister Franco to address parliament on MPS * Ruling parties against break-up scenarios, big layoffs * Redundancies of around 6,000-7,000 expected * MPS' bondholders not expected to bear costs - source By Giuseppe Fonte and Valentina Za ROME, Aug 2 (Reuters) - Italy's Treasury is under fire from ruling parties seeking guarantees for Mont
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Italy's Treasury under siege over Monte dei Paschi deal

* Economy Minister Franco to address parliament on MPS * Ruling parties against break-up scenarios, big layoffs * Redundancies of around 6,000-7,000 expected * Treasury committed to protecting jobs, MPS' local roots By Giuseppe Fonte and Valentina Za ROME, Aug 2 (Reuters) - Italy's Treasury is under fire from ruling parties seeking guarantees for M
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Monte dei Paschi capital would be wiped out by slump, EU bank stress test shows

* No pass or fail mark in test * Monte dei Paschi fares worst in EBA stress test * Sweden's banks among best peformers * Deutsche Bank, SocGen, Commerzbank below aggregate level By Huw Jones, Valentina Za and Jesús Aguado LONDON July 30 (Reuters) - All of Monte dei Paschi's capital would be wiped out by a long slump, a European Union stress test o
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UniCredit beats profit forecasts as Monte dei Paschi talks start

* Bank in talks with Italy's Treasury to buy Monte dei Paschi * Shares in both UniCredit and Monte Paschi surge at open * Decision expected by mid-September after due diligence * Q2 profit tops f'casts thanks to loan losses, higher revs * Guides for lower than expected loan losses in full year By Valentina Za MILAN, July 30 (Reuters) - Italy's UniC
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