U.S. Markets closed

Italian bank Monte dei Paschi ponders possible tie-ups

SIENA, Italy (Reuters) - State-controlled Italian lender Monte dei Paschi di Siena always keeps in mind the potential for tie-ups with other banks, Chief Executive Marco Morelli said on Thursday.

Speaking at the bank's annual shareholder meeting, he said: "The board considers strategic opportunities, analysing possible tie-ups or changes in size which are then up to the shareholders to decide."

(Reporting by Stefano Bernebei; Editing by Mark Bendeich)