- Reuters•3 days ago
A market-led recapitalisation plan for troubled Italian lender Banca Monte dei Paschi di Siena will be implemented in the coming months, a senior treasury official said on Thursday. Vincenzo La Via, director general of the Italian treasury, told a conference in London that a tie-up between Banco Popolare and Banco Popolare di Milano, to create the country's third biggest lender, would also take place by year end. Monte dei Paschi, which emerged as the weakest lender in the latest round of Europe's banking stress tests this summer, needs to raise cash and get some 28 billion euros ($30.72 billion) of bad loans off its balance sheet quickly to avert the risk of being wound down.
- Bloomberg•4 days ago
Banca Monte dei Paschi di Siena SpA surged in Milan trading after the ailing Italian lender said it’s pressing ahead with a plan to bolster capital and sell soured loans.
Banca Monte dei Paschi di Siena S.p.A. (BMDPF)
Other OTC - Other OTC Delayed Price. Currency in USD
|Day's Range||0.31 - 0.32|
|52wk Range||0.20 - 0.32|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||2.36|
|Avg Vol (3m)||6,906|
|Dividend & Yield||N/A (N/A)|