- Financial Times•12 minutes ago
The board of Monte dei Paschi di Siena is set to approve a privately funded ?5bn recapitalisation of the Italian lender led by JPMorgan as it seeks to stave off its bail-in under new European bank rules. ...
- Reuters•5 hours ago
The board of Monte dei Paschi di Siena (BMPS.MI) is set to reject a last-minute rescue proposal sponsored by Swiss bank UBS (UBSG.S) that landed as the Italian bank prepared to unveil its own plan to address regulatory concerns over its financial stability. Monte dei Paschi has been looking for ways to strengthen its balance sheet ahead of European banking stress tests which are expected to show it lacks enough capital to withstand a downturn. In a surprise statement on Thursday night, Monte dei Paschi said it had received two letters from UBS and Corrado Passera, a one-time industry minister and the former CEO at Italy's biggest retail bank Intesa Sanpaolo (ISP.MI).
Banca Monte dei Paschi di Siena S.p.A.Milan
|52wk Range||0.25 - 2.04|
|Day's Range||0.29 - 0.32|
|Avg Vol (3m)||82,345,848|
As of 11:41 AM EDT. Market closed.