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

BMPS.MI on Milan Stock Exchange

15.08EUR
22 Dec 2016
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Latest Key Developments (Source: Significant Developments)

EU's Vestager says rescue talks over Veneto banks not easy - paper
Thursday, 18 May 2017 02:09am EDT 

May 18 (Reuters) - EU Competition Commissioner Margrethe Vestager tells La Stampa daily in an interview::Rescue talks over Italy's Popolare di Vicenza, Veneto Banca are not very advanced but we have agreed a plan of action with all parties involved.We are moving ahead as everyone has a constructive approach but it's not easy .Making progress on Monte dei Paschi's restructuring plan, there is a "good discussion" ongoing over how to ensure bank is profitable and we are working "very well" with Italian authorities..Cutting staff to reduce costs is inevitable, it is always "very, very painful" for people and communities involved.  Full Article

Monte dei Paschi CEO says not aware of any plan to de-list bank's shares
Wednesday, 12 Apr 2017 12:08pm EDT 

Banca Monte Dei Paschi di Siena Chief Executive Marco Morelli tells press conference: Not aware of any plan to de-list bank's shares . Comment comes after reports in the Italian press that the Italian Treasury may consider buying out other investors in Monte dei Paschi after it becomes its majority owner Further company coverage: [BMPS.MI] (Reporting by Milan Newsroom).  Full Article

Monte dei Paschi says new rescue plan will be "radically different"
Wednesday, 12 Apr 2017 04:56am EDT 

Banca Monte dei Paschi di Siena Chief Executive Marco Morelli tells shareholder meeting: The bank is discussing a restructuring plan with the EU Commission and the European Central Bank that is "radically different" to the previous one . Liquidity ratios meet requirements after 11 billion euros in government guaranteed bonds . ECB is monitoring liquidity levels at the bank daily Further company coverage: [BMPS.MI] (Reporting by Milan newsroom).  Full Article

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 FTSE Russell says decision would only be rescinded if trading subsequently recommences on or before Feb. 28 Further company coverage: [BMPS.MI] (Reporting by Milan newsroom).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

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BRIEF-Monte dei Paschi says new rescue plan will be "radically different"

April 12 Banca Monte dei Paschi di Siena Chief Executive Marco Morelli tells shareholder meeting: