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Banca Monte dei Paschi di Siena SpA (BMPS.MI)

BMPS.MI on Milan Stock Exchange

15.08EUR
22 Dec 2016
Change (% chg)

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€15.08
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1,616,027
52-wk High
€72.80
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€14.71

Latest Key Developments (Source: Significant Developments)

FTSE Russell to cut Monte dei Paschi from main index if no clarity on trading restart
Monday, 6 Feb 2017 01:48pm EST 

Banca Monte Dei Paschi Di Siena: FTSE Russell says will remove Monte dei Paschi from Milan's blue-chip index if after the bank's board meeting on Feb. 9 there is no indication on when lender's shares might resume regular trading . FTSE Russell says decision would only be rescinded if trading subsequently recommences on or before Feb. 28 Further company coverage: [BMPS.MI] (Reporting by Milan newsroom).  Full Article

Monte dei Paschi sells merchant acquiring business to ICBPI
Friday, 3 Feb 2017 12:10pm EST 

Banca Monte dei Paschi Di Siena says: Reached accord with ICBPI to sell merchant acquiring business with enterprise value of 520 million euros .Deal includes 10-year partnership with ICBPI.  Full Article

Monte Paschi to press ahead with sale of bad loans, with or without Atlante-chairman
Saturday, 28 Jan 2017 07:33am EST 

Banca Monte Dei Paschi Di Siena's Chairman Alessandro Falciai : bank plans to press ahead with sale of nearly 30 bln euros of bad loans, with or without help from Atlante bank bailout fund Further company coverage: [BMPS.MI] (Reporting by Milan newsroom).  Full Article

Italy grants Monte dei Paschi state guarantee for bond issues
Thursday, 19 Jan 2017 12:15pm EST 

Italy treasury says: Has granted Monte dei Paschi di Siena guarantee for bond issues Further company coverage: [BMPS.MI] (Reporting by Milan newsroom).  Full Article

Best to keep Monte dei Paschi listed after state rescue-watchdog
Thursday, 19 Jan 2017 09:20am EST 

Banca Monte dei Paschi di Siena: Italy market watchdog Consob chairman says better to keep bank listed on the stock exchange after nationalisation if market float is enough . Consob chairman says trading in Monte dei Paschi shares will only resume after restructuring plan Further company coverage: [BMPS.MI] (Reporting by Milan Newsroom).  Full Article

Monte dei Paschi CEO says deposit outflow has stopped since late Dec
Wednesday, 18 Jan 2017 09:58am EST 

Banca Monte dei Paschi di Siena CEO Marco Morelli tells parliamentary hearing: confirms planned branch closures, lay-offs in new business plan to be presented to EU Commission . still aims to sell entire bad loan portfolio in one go . the lendet has suffered strong deposit outflow in early Dec, this stopped at end 2016 and early January . says treasury will decide whether it wants change of CEO once bank has been bailed out In the same hearing Monte dei Paschi Chairman Alessandro Falciai says state will have stake of around 70 percent in the bank Further company coverage: [BMPS.MI] (Reporting by Milan newsroom).  Full Article

Italy has confidence in Monte dei Paschi's managers - minister
Thursday, 12 Jan 2017 07:17am EST 

Banca Monte dei Paschi di Siena: Italy's Economy Minister Pier Carlo Padoan says the government has confidence in the lender's management . Padoan says a new Monte dei Paschi board will be appointed when state formally takes stake in the lender Further company coverage: [BMPS.MI] (Reporting by Milan newsroom).  Full Article

Monte dei Paschi says ECB wants it to raise 8.8 bln euros in capital
Monday, 26 Dec 2016 03:03pm EST 

Banca Monte dei Paschi di Siena says on Monday: the results of stress tests earlier this year indicated a capital shortfall, for the adverse scenario only, of 2.44 percent in relation to end-2018 fully loaded CET 1 ratio . European Central Bank has calculated such a shortfall requires 8.8 billion euros of new capital to plug .bank's liquidity position has rapidly deteriorated between November 30 and December 21.  Full Article

Monte dei Paschi foundation cut stake in bank to 0.1 pct
Friday, 23 Dec 2016 08:56am EST 

Monte dei Paschi di Siena banking foundation says: Has cut stake in the troubled lender to 0.1 percent in recent days from 0.7 percent previously . The recent sales of shares in the bank allow the foundation to avoid potential negative impacts on the foundation's resources Further company coverage: [BMPS.MI] (Reporting by Milan newsroom).  Full Article

Italy market watchdog suspends shares in Monte dei Paschi
Thursday, 22 Dec 2016 04:24pm EST 

Banca Monte Dei Paschi Di Siena: Italian market regulator Consob temporarily suspends trading on all securities issued by the bank or guaranteed by it and of related financial instruments . Decision follows bank's confirmation that capital raising has failed . Consob says on its website current "uncertainty and lack of complete information" would hamper investment decisions Further company coverage: [BMPS.MI] (Reporting by Milan Newsroom).  Full Article

More From Around the Web

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ECB's Nouy sees Monte Paschi rescue soon, working on more

FRANKFURT European authorities will soon decide on a public rescue plan for Italian bank Monte dei Paschi di Siena and are working on similar requests from two smaller lenders, the European Central Bank's top supervisor said on Monday.