Banca Monte dei Paschi di Siena SpA (BMPS.MI) Key Developments | Reuters.com
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Banca Monte dei Paschi di Siena SpA (BMPS.MI)

BMPS.MI on Milan Stock Exchange

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28 Jun 2016
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Latest Key Developments (Source: Significant Developments)

DBRS downgrades Monte dei Paschi to BB from 'BB high'
Tuesday, 7 Jun 2016 11:37am EDT 

Banca Monte dei Paschi di Siena says:DBRS rating agency has downgraded the Italian bank to 'BB' from 'BB (high)', keeps negative outlook on the ratings.  Full Article

Banca Monte dei Paschi di Siena SpA - Monte Paschi prosecutors seek charges against 13 bankers - Reuters
Tuesday, 16 Feb 2016 05:43am EST 

Banca Monte dei Paschi di Siena SpA:Milan prosecutors have asked for 13 former and current managers at Banca Monte dei Paschi di Siena, Nomura and Deutsche Bank to be sent to trial for a series of alleged financial crimes including false accounting, judicial sources said on Tuesday - RTRS.The alleged offences revolve around two complex derivatives trades, known as Santorini and Alexandria, which Monte Paschi's former management arranged with Deutsche Bank and Nomura to conceal losses, the sources said.The case also involves a hybrid financial instrument called Fresh 2008 which Monte dei Paschi used to partly fund the acquisition of rival bank Antonveneta.A court in Milan will now set a date for a preliminary hearing on the case, at the end of which a judge will decide whether or not to lay charges. The sources did not say when the hearing was likely to take place.The alleged crimes relate to the 2008-2012 period and include market manipulation and obstructing supervisory activity as well as false accounting, the sources said.All the managers involved and the banks have previously denied any wrongdoing. Nomura and Monte dei Paschi declined to comment, while it was not immediately possible to reach Deutsche Bank for a comment.Under Italian law, a company can be held responsible if it is deemed that it failed to prevent, or attempt to prevent, a crime by an employee that benefited the company.  Full Article

Banca Monte dei Paschi di Siena SpA appoints new CFO
Thursday, 1 Oct 2015 05:32am EDT 

Banca Monte dei Paschi di Siena SpA:Appoints Arturo Betunio as new Chief Financial Officer.  Full Article

Banca Ifis SpA acquires NPL for total nominal value of 883 million euros from Banca Monte dei Paschi di Siena SpA and other national and international banks
Tuesday, 23 Jun 2015 07:10am EDT 

Banca Ifis SpA:Says acquired non performing loans (NPL) for total nominal value of 883 million euros from national and international banks in three different transactions.Says acquisition includes 650 million euro non performing loans from Banca Monte dei Paschi di Siena SpA as part of a 1.3 billion euro portfolio offer.Says a Cerberus Management Capital LP affiliated acquired the other half of non performing loans from Banca Monte dei Paschi di Siena portfolio offer.  Full Article

Banca Monte dei Paschi di Siena board approves bond issue and bond exchange offer
Monday, 15 Jun 2015 02:07am EDT 

Banca Monte dei Paschi di Siena SpA:Said board of directors approved the issuance of a five year bond for a maximum amount of 6.4 million euros with a gross fixed interest rate of 7 pct.Board approved an individual bond exchange offer reserved to holders of bond "Primi Sui Motori 9% 2013 - 2016".Bond "Primi Sui Motori 9% 2013 - 2016" to be exchanged for the new bond "Obbligazioni PSM 7% 2015 -- 2020".Bond exchange offer to run from June 22, 2015 to July 3, 2015 and new bond issues to be distributed around July 9, 2015.The minimum subscription lot for the bond exchange offer is 10,000 euros.  Full Article

Fitch downgrades long-term rating for Banca Monte dei Paschi di Siena
Tuesday, 19 May 2015 01:08pm EDT 

Banca Monte dei Paschi di Siena SpA:Says Fitch downgraded long-term rating from BBB to B- with 'stable' outlook.  Full Article

Banca Monte dei Paschi di Siena SpA sells 10.3 percent stake in Anima Holding to Poste Italiane
Tuesday, 14 Apr 2015 08:29pm EDT 

Banca Monte dei Paschi di Siena SpA:Says reached agreement to sell to Poste Italiane 10.3 percent stake in Anima Holding.Says deal values Anima Holding shares at 6.967 euros per share.Says deal to give bank a net impact of 115 million euros, with a positive impact on consolidated CET 1 of around 20 basis points.  Full Article

Italian Treasury to keep 4 pct stake in Banca Monte dei Paschi di Siena SpA for six months- Reuters
Wednesday, 4 Mar 2015 02:06pm EST 

Banca Monte dei Paschi di Siena SpA:Its board of directors calls shareholder meeting for 3 billion euros capital increase on April 14 board says to carry out reverse stock split giving 1 new share for every 20 shares held - Reuters.board says to issue some 449 million new shares to Italy treasury.board says if price of bank shares remain at current levels, treasury would get around 4 pct stake in the company after 3 bln euro capital hike.says treasury ready to commit not to sell its stake for 180 days starting from July 1.  Full Article

Banca Monte dei Paschi di Siena SpA to take 6 bln euros of new ECB loans-Reuters
Thursday, 7 Aug 2014 01:40pm EDT 

Banca Monte dei Paschi di Siena SpA:Italian lender Banca Monte dei Paschi di Siena plans to take 6 billion euros of the European Central Bank's new long-term loans, its chief financial officer Bernardo Mingrone said on Aug. 7-Reuters.Mingrone said these funds would be used to reimburse loans the bank had previously taken from the ECB.  Full Article

York Capital owns 5.025 pct of Banca Monte dei Paschi di Siena SpA-Reuters
Monday, 28 Jul 2014 08:00pm EDT 

Banca Monte dei Paschi di Siena SpA:York Capital Management Global Advisors owns a 5.025 percent stake in Italy's Banca Monte dei Paschi, a filing by market regulator Consob showed on July 29-Reuters.  Full Article

Monte dei Paschi shares rise on Q1 results, lower loan loss provisions

MILAN, May 6 Shares in Banca Monte dei Paschi di Siena opened more than 6 percent higher on Friday after better-than-expected first-quarter results and lower loan loss provisions outweighed concerns about falling deposits and weaker capital.