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Results for "Monte dei Paschi di Siena (MPS)"

32 stories found

MPS and Intesa Sanpaolo Engage in Takeover Battle
Businessla-repubblicanaftemporiki8d ago2 sources

MPS and Intesa Sanpaolo Engage in Takeover Battle

Italian banks Monte dei Paschi di Siena (MPS) and Intesa Sanpaolo are involved in a financial "risiko," with Intesa launching a takeover bid on MPS, which has responded with an alternative option for its shareholders.

MPS CEO Lovaglio discusses bank's future options
Businessla-repubblica2mo ago

MPS CEO Lovaglio discusses bank's future options

The CEO of Monte dei Paschi di Siena (MPS), Luigi Lovaglio, stated that the bank's board is evaluating all options, including proposals from Banco BPM and Intesa Sanpaolo, in the interest of all stakeholders.

Former Bankitalia DG Discusses MPS Reversal and Sovereign Savings
Politicsla-repubblica4mo ago

Former Bankitalia DG Discusses MPS Reversal and Sovereign Savings

The former director general of Bankitalia, Fabrizio Rossi, commented on the Monte dei Paschi di Siena (MPS) situation, attributing the 'sovereign savings' reversal to fears from the ECB and investment funds, as well as Delfin's disaffection with the government's plan for a national financial hub. He also touched upon the Capitali law aimed at making Italian governance rules more friendly.

MPS and Mediobanca Boards Approve Merger
Businessla-repubblica5mo ago

MPS and Mediobanca Boards Approve Merger

The boards of Italian banks Monte dei Paschi di Siena (MPS) and Mediobanca have approved their merger, with Mediobanca's brand set to be retained and its stake in Generali maintained.

The government's role in MPS is over Meloni tells Bloomberg
PoliticsANSA6mo ago

The government's role in MPS is over Meloni tells Bloomberg

(ANSA) - ROME, FEB 27 - The Italian government's role in Tuscan lender Monte dei Paschi di Siena (MPS) is over, Premier Giorgia Meloni told Bloomberg Friday. Meloni, interviewed by Bloomberg, declared that "the government's role is over," noting that its remaining 4.9% stake "clearly does not give us the ability to exercise significant influence over governance" and that "it will not participate in the appointment of the new administrative and supervisory bodies." On the stock market, MPS sto...

Intesa Considers Complaint to CONSOB Regarding MPS
Businessla-repubblicaANSA8d ago2 sources

Intesa Considers Complaint to CONSOB Regarding MPS

Intesa Sanpaolo is considering filing a complaint with CONSOB, Italy's financial market regulator, concerning Monte dei Paschi di Siena (MPS). The potential complaint raises questions about the passivity rule and changes in control of MPS.

Race for Monte dei Paschi Heats Up with Banco BPM Merger Proposal and Intesa Sanpaolo Offer
BusinessFTcnbcfaz+2le-figarola-repubblica2mo ago5 sources

Race for Monte dei Paschi Heats Up with Banco BPM Merger Proposal and Intesa Sanpaolo Offer

The competition for Monte dei Paschi di Siena (MPS) has intensified, with Banco BPM formally proposing a merger to create a new Italian banking giant, while Intesa Sanpaolo has also launched an offer. This development highlights the strategic alignment between Banco BPM's CEO Castagna and MPS's CEO Lovaglio in the context of the potential deal.