Monte Paschi chairman to decide in January on possible resignation

SIENA, Italy Sat Dec 28, 2013 8:02am EST

Banca Monte dei Paschi di Siena's Chairman Alessandro Profumo gestures during a news conference at the company's headquarters in Siena May 10, 2012. REUTERS/Giampiero Sposito

Banca Monte dei Paschi di Siena's Chairman Alessandro Profumo gestures during a news conference at the company's headquarters in Siena May 10, 2012.

Credit: Reuters/Giampiero Sposito

SIENA, Italy (Reuters) - Alessandro Profumo, chairman of troubled Italian lender Monte dei Paschi di Siena (BMPS.MI), said on Saturday he would decide whether to step down in January.

"These are decisions one takes in cold blood and in the right place, I have nothing to say," Profumo told a shareholder meeting.

He said a board meeting of the bank was scheduled to be held in January and he would take his decision then.

Speculation has been mounting that Profumo might quit because of a clash with the bank's top investor over the timing of a vital capital increase.

(Reporting by Silvia Aloisi, editing by Valentina Za)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article