Reuters logo
Monte Paschi says carrying out checks on past structured deals
January 17, 2013 / 6:46 PM / 5 years ago

Monte Paschi says carrying out checks on past structured deals

MILAN, Jan 17 (Reuters) - Banca Monte dei Paschi di Siena , Italy’s third-biggest bank, said on Thursday it was carrying out checks over past structured finance operations present in its portfolio.

The bank said in a statement it aimed at completing the assessment of the impact of these transactions when it publishes its 2012 accounts.

In November, Monte Paschi asked for an extra 500 million euros ($668 million) state aid, saying it needed more money to offset a possible hit from a renegotiation of past structured transactions. ($1 = 0.7486 euros) (Reporting by Antonella Ciancio and Silvia Aloisi, editing by Danilo Masoni)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below