Monte dei Paschi di Siena

Assets worth millions seized from ex Monte dei Paschi execs

Authorities have seized assets worth 22.6 million euros (23.6 million dollars) from two former executives at Italy's troubled Monte dei Paschi di Siena (MPS) bank.

EU commission approves support measures for Italy's Monte Paschi bank

The Italian government has received the green light from European Union authorities to provide liquidity measures for its ailing lender Monte dei Paschi di Siena (MPS).

ECB says Italy's MPS bank needs billions more in rescue funds

Ailing Italian bank Monte dei Paschi di Siena (MPS) needs to fill a larger capital gap than originally reported, the Italian bank stated late Monday citing new figures from the European Central...

Italian government approves rescue package for Monte dei Paschi bank

The Italian government has approved an emergency decree to rescue stricken Monte dei Paschi (MPS) bank, Prime Minister Paolo Gentiloni said after a cabinet meeting.

Italy MPS bank's recapitalization has failed, state rescue looms

Italy's Monte dei Paschi di Siena (MPS), the eurozone's most troubled lender, announced Thursday the failure of a critical recapitalization bid, paving the way for a state rescue and de-facto...

Italy's intractable banking crisis spells trouble for Renzi and EU

Monte dei Paschi di Siena, the world's oldest bank, is the epicentre of growing scrutiny on Italian lenders in the wake of the Brexit referendum. The growing anxiety over Italy's banking sector...

Italy's banking crisis deepens as MPS shares collapse on ECB demands

Monte dei Paschi di Siena (MPS) shares fell to a record low Monday on reports that the European Central Bank (ECB) wants the troubled Italian lender to reduce its exposure to bad loans, piling the...