Search Results for: Monte dei Paschi di Siena
Italy to bailout Monte dei Paschi di Siena bank with €20bn rescue fund
December 22nd, 2016
A €20bn (£17bn) rescue fund for Italy’s banking sector has been approved by the country’s parliament, heralding a bailout of the world’s oldest bank, Monte dei Paschi di Siena (MPS). The bank said late on Wednesday that it had ...
Italy formally takes control of Monte dei Paschi
July 5th, 2017
The Italian government took control of Banca Monte dei Paschi di Siena on Tuesday, injecting EUR5.4 billion ($6.1 billion) into the troubled lender as part of a broad plan to bring one of Europe’s weakest banks back to health. ...
Monte Paschi to issue 15 billion euro in debt after EU approves liquidity support – paper
December 30th, 2016
Italy’s Banca Monte dei Paschi di Siena (BMPS.MI), which is being bailed out by the state, plans to issue 15 billion euros ($15.8 billion) of debt next year to restore liquidity and boost investor confidence, several newspapers said on ...
Major Economic Warning Sign: The Euro Is Heading For Parity With The U.S. Dollar
December 19th, 2016
The collapse of the euro is accelerating, and it looks like we could be staring a major European financial crisis right in the face early in 2017. On Thursday, the EUR/USD fell all the way to $1.0366 at one ...
UniCredit to raise billions and cut 14,000 jobs
December 13th, 2016
UniCredit, Italy’s biggest bank, is planning to raise €13bn (£10.9bn) and cut 14,000 jobs over the next two years in a bid to return to financial health. The bank plans to use the record rights issue to help remove ...
Monte Paschi sees €4.8 billion loss in 2016; cuts thousands of jobs
October 25th, 2016
Italy’s third-largest bank, Monte dei Paschi di Siena, has resolved to write down bad loans, lay off a tenth of its staff and raise €5 billion. The planned overhaul could shape the fortunes of the country’s wider banking sector. ...
Italy court accepts Monte dei Paschi settlement request: source
October 14th, 2016
An Italian court accepted a request from Banca Monte dei Paschi di Siena (BMPS.MI) to settle a case revolving round alleged financial crimes by former managers, a source said on Friday. The settlement with Monte dei Paschi involves the ...
STOXX Changes Composition Of Benchmark Indices
August 24th, 2016
STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced the new composition of STOXX Benchmarks and their sub and sector indices, among them the STOXX Europe 600 Index, STOXX North ...
Asian Stocks Mixed, Dollar Slips; Japan’s Topix index closed at the highest level since 1991
November 8th, 2017
Asian stocks were mixed as a rally that lifted regional equities to the highest levels in at least a decade stalled. The dollar came under pressure after advancing against G10 peers amid concern about the progress of U.S. tax ...
Yen slipped, Korean Won and Aussie Dollar rose; Asian stocks climbed
November 7th, 2017
Asian stocks climbed, with a regional index trading at its highest in a decade, as energy and materials companies benefited from a surge in oil and metals prices. Japan’s Nikkei 225 Stock Average finished at its strongest level since ...
