The Del Vecchio family has made a leap forward in Monte dei Paschi with an increase in its shareholding that strengthens the hard core of private shareholders in the Sienese bank
Over 137 million MPS shares have been traded in the last few days, almost 11% of the bank's capital for a value of over 720 million. The Treasury should drop from 26,7% to below 20% within a month. It is proposed…
Enrico Marchi is contacting a series of economic and financial players. The goal is to create a core of stable shareholders for the Sienese bank, with the idea of purchasing a share between 7,5% and 11,5% of the capital at…
The distribution of a dividend of 0,25 euros per share will be proposed to the meeting, for a total dividend of 315 million euros. Lovaglio: it won't be a one-off. The payout will be 50%
The loan will support the restructuring of the Cortine plant hub to increase recycling and promote the circular economy
The 2020 financial year ends with a loss of 1,7 billion - Fight against time to find a partner: if it is not found, the State will participate pro rata in the 2,5 billion increase, but the green light from the EU will be needed And…
Monte dei Paschi presented the new business plan promising a return to profit next year but the real problem to be solved is that of alliances because the Sienese bank alone is struggling to stay on its feet
The Sienese institute rises in Piazza Affari on the news of a negotiation with the European Commission on the sale of a portion of non-performing loans for about two thirds of the total, in view of the search for a maturing buyer…
In 2018 profit amounted to 279 million against a loss of 3,5 billion in 2017 - Revenues down, cet 1 at 13,7% - In 2018 impaired loans were reduced by 29 million and Morelli estimates a further reduction …
The Sienese bank ended up in the storm after the letter from the ECB and the subsequent alarm raised by Salvini's party. But is it really founded? The bank presents the 2018 accounts on 7 February but the expectation is for a profit…
The situation was made worse by the words of the undersecretary to the Prime Minister, Giancarlo Giorgetti: "There will be a problem with MPS and the Government will have to deal with it responsibly".
After the +17% recorded on Friday, the Monte dei Paschi share continues to run and records the best performance of the entire Milan Stock Exchange. At the basis of the purchases are the accounts for the first quarter in which the bank has…
In the last quarter, Monte dei Paschi lost 502 million, bringing the red for the whole of 3,5 to 2017 billion, but it reduced its net non-performing loans from 14,8 billion to 5,5 billion euros and the stock gained 3,5 .XNUMX%
From 1 February to 18 March, registrations are open for the selection of innovative startups and SMEs to improve the customer experience, offer and processes of the Bank - A path of contamination between MPS management and entrepreneurs to…
The shareholders' meeting of the Sienese bank held today must elect the new president in place of Alessandro Falciai: the chosen one is Stefania Bariatti - The reconfirmation of the CEO Marco Morelli is sure
According to the supervisor of Via Nazionale, Carmelo Barbagallo, the institution wanted to maintain its dominant position even when the conditions no longer existed, "eroding its assets and getting into debt"
During the hearing before the commission of inquiry into banks, the Sienese prosecutors defend Bankitalia and attack the "5% gang - Title in deep red in Piazza Affari.
European price lists under braking in the middle of the day. The euro is at its low against the dollar. The purchases of government bonds continue. In Milan the case of the day is the Credito Valtellinese and affects the entire sector: among the most targeted Banco Bpm, Bper…
Ordinary and extraordinary shareholders' meeting called for 18 December - In the third quarter alone, the bank recorded a profit of 242 million thanks to the positive impact of burden sharing, but due to the effect of the adjustments, the result for the nine months is…
After the recapitalization and the conversion of the subordinated bonds into shares, the Treasury acquires a stake equal to 53,45% of the capital which could rise up to 70% - Burden Sharing kicks in
After the intervention of Intesa and the new plan for the Veneto banks, Atlante 2 will no longer have to disburse the previously agreed 450 million - Money that will now be able to go to Monte dei Paschi, helping to reduce the amount of NPLs present in…
Crucial days for the Italian banks in crisis, but if for Monte dei Paschi the clearing seems to be closer, the road of the two Veneto banks remains uphill and tomorrow they will return to meet their boards to talk…
The first Pir financial instrument chosen by Banca Mps is Anima Crescita Italia, a balanced fund set up and managed by Anima Sgr, which invests on average 30% in shares, 5% in liquidity and the rest in bond issues.
Among the various measures included in the Def there is also an intervention for the precautionary recapitalization of banks in difficulty, for which the document assumes "a use equal to about half of the resources made available with the decree" of ...
The situation of the Veneto banks "is worse than what I found at Monte dei Paschi di Siena at the end of 2011, not only due to a lack of capital and liquidity but above all due to a lack of reputation": declared Fabrizio Viola, CEO…
The discount mechanism allows you to reset the basic fee by rewarding loyalty and cross-selling of products and services - The configurator to create your own "tailor-made" account is available online and in branches
We have received the answers to our questions about Montepaschi from the ECB and this allows us to move forward". Brussels therefore continues its assessment of the preventive recapitalization of MPS. The news was reported by the EU competition commissioner, Margrethe Vestager.
The bonds will be sold on the market or used as collateral to guarantee financing operations during 2017.
It is almost certain that Mps will place the first of the bond issues this month, while a second will arrive in February - The aim is to bring the institute back to the cash levels of the end of 2017 in 2015
The Bank of Italy confirms the ECB's calculations on the precautionary recapitalization of MPS. Of the sum to be paid by the Statoi this sum, 4,6 billion will come with an initial injection of liquidity to secure the institute's accounts, while another 2…
The European Commission "will now work with the Italian and supervisory authorities to assess the compatibility of the intervention envisaged by the Italian authorities with EU rules".
Negotiations are underway between the Italian government and the ECB to lower the amount of the increase requested by Frankfurt, which could drop from 8,8 to around 6,5, to be divided between the strengthening of the capital and the refreshment of the holders of subordinated bonds
If Consob gives the go-ahead, the conversion window for subordinated securities (including the "Fresh 2008" security) in the hands of about 40 small investors will be reopened - Meanwhile, the State is preparing the parachute
European price lists are doing well, Piazza Affari is confirmed as the best - Stable oil, after yesterday's rally, pushes Eni and Saipem up - Vivendi's attack pushes the Biscione over 20%, Telecom Italia also grows - Banks…
The Board has reopened the conversion of subordinated bonds into shares to involve 40 retail customers - But even if the operation goes through, to close the 5 billion increase on the market, Qatar and other major players will still need to be convinced…
The ECB Supervision denies the extension of the terms to conclude the capital increase - The Treasury, however, has a decree-law ready for the nationalization of the Sienese institute - Shares plummeting on the Stock Exchange
Frankfurt decides today whether to extend the terms for the recapitalization - In the (probable) case of a refusal, the doors to nationalization would open wide - Here's what shareholders and bondholders risk.
The European stock exchanges advance on the eve of the ECB meeting, waiting for an extension of the securities purchase programme. Piazza Affari is close to 18.000 points driven by the banks and by the increasingly probable intervention of the Treasury in the Sienese bank - Forti…
The outcome of the referendum heralds a very difficult day on the markets: the euro has fallen to a 20-month low against the dollar, stock exchanges and banks in alarm, ECB shield on government bonds - trouble ahead for shareholders and bondholders of…
The shareholders' meeting of Monte dei Paschi, the last one chaired by Massimo Tononi (he will be replaced by Alessandro Falciai), decreed with a majority of 96% the yes to the new capital increase of 5 billion, developed by JP Morgan …
In Piazza Affari Mps is traveling at a minimum and the risk of flooding the market with new shares with the next capital increase becomes more concrete day by day - CEO Morelli could proceed with a reverse stock split…
The new CEO Morelli is pressing ahead with the implementation of the new plan which will be approved on 24 October by the board of directors in view of the mid-November shareholders' meeting: immediately after, the voluntary conversion offer of the subordinated bonds will start, currently open only to institutional investors...
Monte dei Paschi responded early to the negative outcome of the stress tests by approving a plan that provides for a capital increase without public aid up to 5 billion by November and the deconsolidation of the entire bad loan portfolio at the price of…
The former minister's plan envisaged the partial voluntary conversion of subordinated bonds and a capital increase of 2,5 billion - The agreement for the consortium of banks that will guarantee the 5 billion Mps increase is close.
Pressure on selling increased after the release of the Zew index. The decision of the EU Court on the bail-in came to further load the session - Mps in sharp declines but also Pop Milano, Bper and Unicredit - The…
Lists at the highest in Europe until the decision of the Bank of England. All postponed to August - Then braking and recovery - The banks that remain in the spotlight return to Piazza Affari - Life: "For Unicredit it takes a…
