Italy's MPS beats forecast with stellar profit jump Italy's Monte dei Paschi di Siena has today reported a much larger than expected jump in first quarter net profit as it slashed costs and, … Business • 09 May
Monte dei Paschi beats forecasts with strong Q4 profit Italian state-owned bank Monte dei Paschi di Siena has today posted a much larger-than-expected quarterly profit, as rising interest rates boosted revenues and job cuts … Business • 08 Feb
Monte dei Paschi posts €388m loss hit by layoff costs State-owned Italian bank Monte dei Paschi di Siena has today reported a €388m loss for the third quarter after booking charges to lay off staff … Business • 11 Nov 22
Monte dei Paschi posts a quarterly profit State-owned Italian bank Monte dei Paschi di Siena (MPS) has today posted a €17.5m second-quarter net profit after loan writedowns needed to ease disposals. Business • 05 Aug 22
EU agrees to extend sale deadline for Monte dei Paschi The European Commission has today approved revised restructuring targets for Italian bank Monte dei Paschi di Siena and a new deadline for the government to … Business • 02 Aug 22
Monte dei Paschi swings to profit ahead of new plan Monte dei Paschi di Siena has today reported a first quarter profit of €9.7m and said new chief executive Luigi Lovaglio would present a new … Business • 06 May 22
Italy, UniCredit to extend Monte dei Paschi sales talks UniCredit and Italy's Treasury are set to extend discussions over the sale of state-owned bank Monte dei Paschi di Siena beyond an exclusivity deadline, two … Business • 08 Sep 21
Annual losses at Italy's Monte dei Paschi soar Losses at Italian bank Monte dei Paschi di Siena soared to €1.69 billion in 2020, the state-owned lender said today, though its capital buffers held … Business • 10 Feb 21
Italy wants to find a buyer for Monte dei Paschi Italy's Treasury wants to find a buyer for Monte dei Paschi di Siena by the end of the year to help the bailed-out bank to … Business • 07 Sep 20
Monte dei Paschi shares suspended after ECB warning Shares in Monte dei Paschi di Siena were suspended today after sliding by 8.5% on news of a stark European Central Bank warning for the … Business • 14 Jan 19
Monte dei Paschi swings to Q1 net profit of €188m Italian lender Monte dei Paschi di Siena swung to a first-quarter net profit of €188m, helped by falling writedowns and cost cutting. Business • 11 May 18
Monte dei Paschi rises on market return Monte dei Paschi di Siena shares today soared on their market return after a 10-month hiatus, but stayed well below the price Italy paid to … Business • 25 Oct 17
Monte Paschi eyes profit of over €1.2 billion by 2021 Italy's Monte dei Paschi di Siena said it expected to report a net profit of more than €1.2 billion in 2021 as part of its … Business • 05 Jul 17
Preliminary rescue deal for Monte dei Paschi agreed The European Commission and Italy have reached a preliminary agreement on a state bailout for Monte dei Paschi di Siena that includes heavy cost cuts … Business • 01 Jun 17
Monte dei Paschi says ECB loan audit is over The European Central Bank completed in February a nine-month inspection of the loan book of Monte dei Paschi di Siena and will take its outcome … Business • 21 Mar 17
Monte dei Paschi posts €3.4 billion loss in 2016 Italian bank Monte dei Paschi di Siena, which is being bailed out by the government, booked a net loss of €3.38 billion for 2016 after … Business • 14 Feb 17
Finance chiefs to look at legality of Monte rescue Euro zone finance ministers will discuss on January 26 the "compatibility" of Italy's bailout for bank Monte dei Paschi di Siena with European Union rules, … Business • 13 Jan 17
Monte dei Paschi to issue €15bn of debt in 2017 Italy's Banca Monte dei Paschi di Siena, which is being bailed out by the state, plans to issue €15 billion of debt next year to … Business • 30 Dec 16
Italy criticises ECB over Monte Paschi decision The European Central Bank should have explained more clearly why it nearly doubled its estimated capital shortfall for the ailing Monte dei Paschi di Siena, … Business • 29 Dec 16
Italy set to pump more into Monte Paschi rescue The Italian government is likely to put in around €6.5 billion to rescue the country's third biggest lender Monte dei Paschi di Siena, more than … Business • 28 Dec 16
Monte dei Paschi bailout 'could take months' A state bailout of struggling Italian lender Monte dei Paschi di Siena could take up to three months, a newspaper said today. Business • 22 Dec 16
Italy seeks to borrow €20 billion for banks The Italian government has decided to seek parliamentary approval to borrow €20 billion to underwrite the stability of its wobbly banking sector. Business • 20 Dec 16
Unicredit to raise €13 billion in share issue Italy's largest bank, UniCredit, said today it would raise €13 billion in the country's biggest share issue to clean up its balance sheet and boost … Business • 13 Dec 16
ECB rejects Monte dei Paschi request for more time The European Central Bank has rejected a request by Monte dei Paschi di Siena for more time to raise capital, a source has said, in … Business • 09 Dec 16
Italy may take controlling stake in troubled bank Italy is preparing to take a €2 billion controlling stake in Monte dei Paschi di Siena as the bank's hopes of a private funding rescue … Business • 07 Dec 16
