January 14, 2014 / 5:06 PM / 4 years ago

Monte Paschi Chairman, CEO stay on despite cash call delay-source

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Banca Monte Paschi di Siena CEO Fabrizio Viola wipes his face as he speaks during a news conference in downtown Milan January 28, 2013.Alessandro Garofalo

SIENA, Italy (Reuters) - The chairman and the chief executive of Italy's Monte dei Paschi di Siena (BMPS.MI) will remain in their jobs despite being forced to delay a capital increase by the bank's top investor, a source with direct knowledge of the matter said on Tuesday.

"Yes," the source said when asked if Chairman Alessandro Profumo and CEO Fabrizio Viola would stay on after a board meeting discussed their fate on Tuesday.

The two had threatened to resign last month after a shareholder meeting voted down their proposal to launch the 3-billion euro ($4.11 billion) rights issue in January. The cash call has been postponed until mid-May at the earliest.

Reporting by Silvia Ognibene, writing by Silvia Aloisi; editing by Agnieszka Flak

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