Nicola Maione, president of Rocca Salibeni, accelerates: the institute is in excellent health and is ready to be the protagonist of the third pole after Intesa Sanpaolo and Unicredit
It had been two years since the MPS had entered the capital market. Good response from investors: demand twice the offer and cut the guidance below the proposed range
After the successful outcome of the capital increase operation which last month saw the collection of 2,5 billion of fresh money, Banca Mps is ready for the new requirements
At the forefront are the current 15 employees at the Monte branches, who should be reduced by about a third - We are moving towards the refinancing of the redundancy fund
The red in the third quarter brings the loss from the beginning of the year to 1,5 billion - Provisions for legal risks and write-downs on NPLs weigh - The second public capital increase should be around 2 billion…
The document contains a direct reference to Mps and claims that it wants to redefine "the mission and objectives of the institution", which means no longer privatizing and not closing excess branches - The stock market is unleashed with sales that…
In view of the meeting on 18 December, the Treasury, which now holds 70% of Monte dei Paschi, confirms the top management of the Sienese Bank - There will be 15 seats on the new board of directors of Monte dei Paschi: 12 will be designated by the Treasury and three…
The stock opened at 4,1 euros, then dropped to a low of 4,07 and then rebounded to 4,3 euros, the level that triggered the volatility auction - Returning to trading, shares started to rise again , arriving…
On Thursday 10th the ECB will give the final green light to the rescue plan for Montepaschi, which has already convened a board of directors for the following day while the Palio dell'Assunta will be held in Piazza del Campo - At that point…
Brussels approves the precautionary recapitalization of Monte dei Paschi di Siena - The Bank will clean up its balance sheet of over 26 billion euros of non-performing loans.
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.
The agreement between the top management of the Bank, the European Commission and the ECB should arrive by the end of April - After the entry of the State, there will be a capital increase and the sale of Npl
The crises have affected all types of banks and have practically wiped out the southern banking system: the placement of high-risk financial products and the adventurism of many bankers are fatal
From Montepaschi to Veneto banks, from state guarantees to manager salaries, via refunds to savers and Treasury reports on large debtors: this is what the bank decree definitively approved by the Chamber provides.
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…
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
Piazza Affari in the middle of the day is the best in Europe on the day of the government bailout for MPS which is not in trading for the whole day. Banks on the rise, FCA rises. Eyes on the fate of Telecom and on the possible…
To protect the bank's retail customers, the government has passed the "salvarisparmio" decree - Subordinated bondholders will be 100% protected thanks to a compensation mechanism - For institutional bonds, the conversion will recognize 75% of the nominal value…
The Commission has authorized the conversion offer into shares of the subordinated bonds held by retail investors and today it will express itself on the prospectus of the increase - Price range from 1 to 24,9 euros - 35% will be allocated to…
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
Time is now running out: the Bank's Board of Directors is called to decide whether it is possible to complete the 5 billion recapitalization on the market or whether it will be necessary to resort to bailout by the State.
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.
Today the shareholders are called to approve the capital increase of 5 billion - The headline snaps at the opening of Piazza Affari
FROM THE ADVISE ONLY BLOG - Mps needs 5 billion euros of capital, but offers are lacking and the stock suffers (again) in Piazza Affari. Let's see what the bondholders of the Sienese group risk in concrete terms.
While awaiting the shareholders' meeting, set for November 24, the market is betting on CEO Morelli's ability to find one or more investors willing to enter the Sienese bank's capital
Minister Padoan announces that the board of directors for the appointment will be held tomorrow - President Tononi is in Frankfurt today to formalize Morelli's candidacy under the supervision of the ECB, which however has already given the informal go-ahead.
In Europe, positive lists while Piazza Affari is betting only on MPS and on the EU agreement on bank non-performing loans. Strong volatility and many purchases on Saipem and RCS in the decisive week for the fate of the publishing group - Oil down
The stock of the Sienese institute is the pink jersey of the Italian list in the late morning - Analysts expect a quarterly net profit of more than 10 million euros - The bank would have accelerated the project for the creation of a…
Prime Minister Matteo Renzi would have rekindled a beacon on the bank with reports to Claudio Costamagna and Carlo Messina, the two possible buyers of Montepaschi respectively through Cdp and Intesa Sanpaolo - The other banks also go up to Piazza Affari.
Variable remuneration and performance bonus, corporate welfare, professional development and solidarity interventions are the strengths of the supplement that has been ratified in recent days by the employees of the Sienese bank. Together with the measures to contain the cost of labour…
The number one of Consob, after banning short selling on the stock, announces an investigation into the market movements that caused the collapse of the MPS stock - The shares are back in trading and drop 15%
Consob prohibits short selling for today and tomorrow on MPS stock, hit by a very heavy sell-off in Piazza Affari. Shares in volatility auction with a drop of 14,7%.
MPS allegedly published false information in the financial statements between 31 December 2008 and the quarterly report as at 30 September 2012, concerning a result for the year, regulatory capital and the Value at Risk - The prosecutor of…
The first task of the bank's new number one will be to accelerate the merger of MPS with another bank, despite the fact that times have lengthened due to the Greek crisis, the Chinese turmoil and the Srep valuation
Monte dei Paschi puts 1,8 billion of non-performing loans up for sale. More than twenty companies interested in the project.
Stock rises in Piazza Affari after first quarter profits of 72,6 million euros, against the 30 expected by the market - CEO Viola has opened the door to the M&A strategy.
The Sienese institute, after the dry rejection by the ECB, evaluates the possibility of delaying the return of state aid or converting it into shares for the Government - The central institute has highlighted a shortage of 2,1 billion…
In the middle of the day, the modest growth of the manufacturing sector of the Old Continent weighs on the stock markets: the worst data is that of Italy - In Piazza Affari, the banks' decline accelerates - Credit Suisse has restarted coverage on MPS…
Starting today, the Museum and the Historical Archive of Banca Monte dei Paschi are open to the public, who will thus be able to admire the works of art contained in the 5th-century headquarters of the institute - Visits to the museum will be held until XNUMX November…
Spotlight on Monte Paschi: the delicate negotiation for the sale of 20%, a part of the package in the hands of the Foundations, is now imminent
After three consecutive sessions, Piazza Affari is positive today, like the other European lists - Mediobanca stands out, on the news that Bolloré and another shareholder (for now unnamed) will take over the stake for sale from Groupama - Svetta…
The European Commission has given the green light to the restructuring plan of Monte dei Paschi di Siena - Public support is "in line with state aid rules" - Recapitalization measures approved (3,9 billion)…
A day of prudence throughout Europe - Milan loses 0,05% - The banks are challenged but MPS gave up 6% on the day of the green light from the Board of Directors for the three billion euro capital increase - Going against the trend…
Next week Banca Monte Paschi will define the contours of the sale of back office activities to the Bassilichi-Accenture consortium with around 1080 employees - Initially, Mps was supposed to participate in the newco with a 14% stake, but in recent weeks it…
The Sienese institute has presented a request to form a civil party in the trial against Gian Luca Baldassarri - The lawyer: "Mps is a listed subject: having hindered it causes reputational damage".
Finmeccanica and its subsidiary Ansaldo Sts shine in Piazza Affari after the rumors that the Cdp could take over the company, as well as Ansaldo Energia and Ansaldo Breda - Monte Paschi rears up on the eve of the Board - The triumph of…
Despite the encouraging data on the GDP of the Eurozone, the price lists of the Old Continent remain cautious - Italy, however, remains in recession and Piazza Affari brings up the rear of Europe - Monte Paschi goes against the trend and continues to fly -…
The investigation phase of the Siena prosecutor's office on Mps is closed: among the suspects, in addition to the former heads of the Sienese institute, the name of JP Morgan also appears - The disputed crimes are insider trading, obstacle to the supervisory bodies and…
Negative morning in Piazza Affari for the Mps stock, among the worst of the Ftse Mib together with others in the banking sector - The indiscretion reported by the Financial Times on the doubts of the EU commission dragged down the prices of the Sienese institute…
The joint efforts of Mps, Finanziaria Internazionale sgr and Confindustria have made it possible to set up the first fund that invests in minibonds on the Italian market. The initiative is part of the opportunities opened up by law 134 of 2012, aimed at promoting channels of…
The Bank of Italy, finding new irregularities, excluded from the regulatory capital of Monte dei Paschi 76 million euros in shares issued to service the Fresh securities.
As emerges from the 2012-2015 business plan, Monte dei Paschi di Siena relies on the new private banking service to relaunch the company's image and accounts.
The issue of Btp Italia will be closed early tonight: requests exceeded 10 billion this morning and the forecast is already for a collection of 16 - Meanwhile Madrid has placed 5 billion Bonos at 6 and 12…
Among those sanctioned, there would also be former president Giuseppe Mussari and former general manager Antonio Vigni (for over 500 euros each). The disputed infringements, specifies one of the Tuscan sources, would be two: failure to contain financial risks and organizational deficiencies and…
David Rossi threw himself from his office window - It seems that he left a note addressed to his wife with the words "I did some bullshit" - On February 19th he had his office searched as part of the investigation…
Banca Montepaschi, overwhelmed by the scandal, announces in a note: "We are evaluating legal actions against those who spread false information about our account" - MPS has given a mandate to its lawyers to protect the interests of the banks in all the foreseen forms.
The former president of the bank crossed the door of the Sienese Public Prosecutor's Office at 15 pm - The lawyer "For now we are silent" - Meanwhile Fabrizio Viola, current of Monte Paschi, hopes for a new partner "but there is none is ready to…
From Brussels, the EU commissioner's spokesman Michel Barnier spoke about the MPS scandal: "Italian authorities should clarify what exactly happened" - "With single supervision many things will change".
The capital increase, for a total amount of 6,5 billion euros, will mainly serve to guarantee the conversion of the Monti bonds - This is how the extraordinary shareholders' meeting of MPS ended, at the end of one of the longest and most dramatic days…
Montepaschi's shares continue to run - Many foreign funds are buying which, just as they are returning to Italian Strato securities, are again betting on peripheral securities in search of earnings and are closing short positions…
Overnight agreement: 1100 outsourcing planned - The agreement was signed by Fabi and Fiba of Cisl, and Ugl and Uil, which together represent 55% of the workers involved.
After yesterday's +6%, the new wave of purchases of MPS stock is still supported by the green light from the EU Commission for the 3,9 billion recapitalization through the "Monti bonds" subscribed by the state.
The green light, which gave wings to Montepaschi's share on the Stock Exchange, is subject to the presentation of a restructuring plan within the six months following today's decision.
Paintings, sculptures and drawings of the twentieth century: collecting experiences in the collections of Banca Monte dei Paschi di Siena and the Banca Agricola Mantovana Foundation, purchased in the 80s and now visible in an exhibition in Mantua, open until 24…
The decree law saves European infringements, which contains the new discipline on Monti bonds, was published yesterday in the Official Gazette - Banca Montepaschi will be able to pay the coupons on the special bonds through the issue of further Monti bonds or shares…
The issue of the financial instruments will take place by 28 December 2012: 1,9 billion euro will be used for the redemption and full replacement of the "Tremonti bonds" - The unit nominal value will be equal to one million euro.
The reorganization of the Montepaschi structure becomes operational, as envisaged in the 2012-2015 plan - We go from 11 principals to a division into seven territorial areas.
The meeting between Monte Paschi Banque and the companies of the Northwest, in Turin, served to outline new development opportunities in France - There are already 2.700 Italian SMEs on the other side of the Alps - The round table was opened by the…
The rating agency cuts the valuation of Monte dei Paschi's long-term debt from Baa3 to Ba2, in full speculative category - According to Moody's, the injection of capital by the government will not be enough for the Sienese bank - The…
98% of the shareholders present gave the go-ahead for the delegation to the Board of Directors for the capital increase - CEO Fabrizio Viola: "The unions go back to negotiating" - Profumo: "We don't want to sell, but there are no subscribers" - Gabriello Mancini contested, president…
A study conducted by the research area of Banca Monte dei Paschi di Siena analyzes the techniques of "Behavioral finance" - Behavioral funds show, compared to traditional ones, greater earning capacity in favorable moments, and a better risk-return ratio…
The Foundations of the Biella and Vercelli Savings Banks have rejected the project to spin off Bankitalia's share in the Biverbanca portfolio (2,1%) - Montepaschi will have to find a new understanding with the other two shareholders before being able…
The major Italian credit institutions closed their financial statements for the first half of 2012 with profits in sharp decline compared to the same period last year - The total reduction was over 2,6 billion - Male Unicredit (-18%) and…
Heavy devaluation of the Sienese bank, which affects the loss of the first half of 2012: the devaluation of goodwill decided by the bank's board of directors is 1,52 billion.
The Chairman of Bana Montepaschi: "Over time, the Foundation will have to further reduce its shareholding because it cannot have all its assets invested in the single asset of the Bank" - "It is a complex path…
The air that is circulating these days around the Italian Basketball Federation is full of scandals and sporting offenses, there is already talk of Baskettopoli - Milan accuses Siena: wiretaps prove contacts between Minucci and referee designators - Paid vacations…
The decree in question gives Cassa Depositi e Prestiti the right of option for the purchase of the shares held by the State in Fintecna, Sace and Simest - The MPS case
Unicredit, Intesa Sanpaolo, Montepaschi, Banco Popolare and the Union of Italian Banks meet the capital targets required by the European Banking Authority - At European level, almost all of the 27 banks involved have passed the test.
Today the go-ahead from the Bank of Italy should arrive for the issue of Tremonti bonds up to one billion euros - The securities will be subscribed by the Treasury - The operation should allow the institution to meet the capital requirements by the end of the month…
The Brontos investigation refers to when the current President of Banca Mps was at the helm of Unicredit - The manager is accused together with 19 other people of having masked the institution's profits to make them appear as dividends from financial transactions…
According to the president of Montepaschi, "it is essential to recreate an effective single European market" - The Bank must grow revenues "by focusing on services" - Mayor Ceccuzzi's resignation weighs heavily, but the Bank's board of directors will react "by further boosting…
The Sienese bank foundation will still have one month to repay the creditors. A new deadline has been set for 8 June. It is currently expected that the Foundation will make an initial payment of 664 million so that the residual debt exposure…
The board of directors of the Sienese bank has resolved to appoint the current General Manager Fabrizio Viola as managing director - The Executive Committee was also set up in today's meeting.
Monte dei Paschi di Siena at the bottom of the Ftse Mib - Rumors about a possible buyer - The deadline for standstills has been extended to April 30th.
The Ministry of the Economy has given the go-ahead to the request of the Monte dei Paschi Foundation, however recommending compliance with all contractual commitments with the creditor banks.
Orders for the two-year senior bond reached 2,5 billion, exceeding the initial target by two and a half times - Annual coupon, payable in arrears on March 7, equal to 4,5%.
The Montepaschi Group was first in the ranking drawn up by the Financial Observatory on the efficiency, speed and security of applications for accessing banking functions via smartphone or mobile phone.
Driving the stock, which this morning leads the Ftse Mib by secondment, are the rumors about new shareholders who could acquire a share from the Foundation and would have the money to subscribe to a capital increase if there were one -…
The number one of the French insurance group was clear: "Our job is not to increase our exposure to the banking sector, in Italy or elsewhere" - Meanwhile, however, Montepaschi is still doing well in Piazza Affari.
The American rating agency reiterated the A- rating on the long-term debt of the bank in Piazza Cordusio, Banca Popolare di Sondrio and Banco di Desio - Fitch instead cut the ratings of Monte dei Paschi…
This morning in Piazza Affari there was a sharp rise for MPS shares - Yesterday the Board of Directors gave the go-ahead to the capital strengthening plan requested by the EBA, which will be presented to Bank of Italy today - There will be no new increases…
Today the Board of Directors - The Foundation with a share of just under 50% is forced to sell a substantial portion of its package, around 17% - But to whom? According to the Financial Times, it will eventually be necessary…
New year, new names at the top of Italian banks, insurance companies and public institutions - Around the end of the year, a waltz of armchairs took place that changed the face of the national financial scene, even if the dancers were…
The improvement in the American economic situation gives strength to Wall street while Italy repeats yesterday's good day and the pressure of the markets shifts to the Paris-Madrid axis - At Piazza Affari, a new leap for MPS and the insurance sector…
Strong rise for MPS shares which gains more than 9% at 0,30 euro - An agreement has been reached with the Revenue Agency for the payment of 260 million euro
The sentiment on the government bond front eases and the fall in unemployment in the United States pushes Wall Street up - The euro is on the rise and in the Old Continent the main squares are all positive - Acting as…
According to the Art Market Report produced by Banca Monte dei Paschi di Siena, art has confirmed itself as a discreet safe haven in recent years - In particular jewels and precious objects - Good feedback also on the Stock Exchange - On the upswing…
