Field day for MPS on the stock exchange: while the shareholders' meeting is raging in Rocca Salimbeni, seasoned by Grillo's controversies and Monti's remote declarations, this morning at the opening of Piazza Affari the share – which in the last few days had burned a fifth of its value – started to run again, until it was suspended due to an excess of +7%.
However, around 10,15 Mps the negotiations resumed and went up of 8, 8%, against a half-point increase in the Ftse Mib. Very high volumes traded at approximately 463 million, already one and a half times the average of an entire session.
Meanwhile, the number one of Bank of Italy Ignazio Visco also intervened on the case: "Anyone who claims lack of supervision by the Bank of Italy, which has nothing to hide, is wrong about MPS". Visco also assured, speaking to CNBC, the Sienese bank is a "stable" bank, but that Bank of Italy has launched "an investigation".
During the shareholders' meeting underway in Rocca Salimbeni there was also a show by Beppe Grillo, leader of the 5 Star Movement and small shareholder of Monte dei Paschi: “Profumo is completely unsuitable to handle this situation because he is under investigation for tax fraud. Bondi was better. This situation - added Grillo - is the absolute responsibility of a political party, DS and Pd, which has put its own men into the Foundation. In Siena we witnessed the transformation: a party has become a bank, and a bank has become a party”.
