Mps suspended downwards on the Stock Exchange. The shares of the bank mark a theoretical decrease of 5 percent and have moved below the threshold of 20 cents, at 0,199 euros.
The board of directors of MPS will start the discussion of the guidelines of the restructuring plan during its next meeting, scheduled for 11 September in order "to be able to obtain approval of the same during the board meeting scheduled for 24 September" next. This was stated in a note from the bank after the green light from the EU to the new plan agreed with the Treasury.
“Banca Monte dei Paschi di Siena's industrial plan will have to be revised intensely and quickly and will have to have only one time: to be both a rescue and a relaunch at the same time”. This was stated by the mayor of Siena, Bruno Valentini, commenting on the restructuring plan of the Monte decided by the Mef with the European Union. According to Valentini, the top management of Mps will have to demonstrate to employees, shares, customers, old and future, "that the bank is efficient and valuable and knows how to save itself".
