MILAN, March 4 (Reuters) – Euro zone banks could be forced
to disclose any major balance sheet gaps discovered in a health
check on the industry before the results are made public in
October, the head of the European banking watchdog said on
Andrea Enria, chairman of the European Banking Authority
(EBA) which will help the European Central Bank scrutinise 128
banks, dismissed concerns the findings of the review might be
leaked ahead of their official release.
ROME (Reuters) – Italian centre-left leader Matteo Renzi is close to naming the members of his government, with OECD Chief Economist Pier Carlo Padoan set to take the key economy ministry portfolio, sources close to the negotiations said on Friday.
Renzi is expected to meet President Giorgio Napolitano at 4 p.m. (1500 GMT) on Friday to confirm his cabinet list, allowing the government to be sworn in by the weekend, ahead of a confidence vote in parliament expected on Monday.
ROME (Reuters) – Italian center-left leader Matteo Renzi is close to naming the members of his government, with OECD Chief Economist Pier Carlo Padoan likely to be named to the economy ministry portfolio, three sources close to the negotiations said on Friday.
Renzi is expected to meet President Giorgio Napolitano at 4 p.m. (1000 ET) on Friday to confirm his cabinet list, allowing the government to be sworn in by the weekend, ahead of a confidence vote in parliament expected on Monday.
ROME/MILAN, Feb 13 (Reuters) – Italy’s top two banks,
UniCredit and Intesa Sanpaolo, are in talks
to set up a vehicle to pool restructured loans with a nominal
value of 1 billion euros ($1.4 billion), two sources close to
the matter said on Thursday.
UniCredit CEO Federico Ghizzoni confirmed this week
negotiations were underway between two banks and U.S. fund KKR
as Italian lenders strive to clean up their balance
sheets while European regulators conduct a sector-wide
ROME (Reuters) – Regulators will exempt banks that had mandatory European Commission-approved restructuring plans in place last year – such as Monte dei Paschi di Siena – from the harshest of stress tests in 2014, Italian government officials say.
The European Banking Authority (EBA) is due to conduct stress tests of euro zone lenders as part of a sector-wide check up by the European Central Bank before taking it takes on supervision from national regulators in November.
ROME, Jan 8 (Reuters) – Italy’s stock market regulator has
asked Monte dei Paschi di Siena whether it intends to
challenge in court a decision by its top shareholder to delay a
rights issue, a source familiar with the matter said on
The world’s oldest bank, reeling from derivatives losses and
weakened by years of economic crisis, needs fresh capital to pay
back part of the 4.1 billion euros ($5.58 billion) in aid it
received last year from the government.
MILAN/ROME, Dec 18 (Reuters) – The head of the top investor
in troubled Italian lender Monte dei Paschi di Siena
insisted a 3 billion euro ($4.1 billion) rights issue must be
delayed until at least May, rejecting accusations that she
risked forcing the bank’s nationalisation.
The cash call, which the bank’s management wants to launch
in January, is part of a restructuring demanded by the European
Commission for approving a 4.1 billion euro state bailout Monte
dei Paschi received earlier this year.
MILAN/ROME (Reuters) – The board of Italian lender Monte dei Paschi di Siena (BMPS.MI: Quote, Profile, Research, Stock Buzz) said it disagreed with a request by its top investor to delay a 3-billion euro ($4 billion) capital increase, setting the scene for a showdown at a shareholder meeting this month.
Chairman Alessandro Profumo and Chief Executive Fabrizio Viola want to launch the rights issue, meant to avert nationalization, in January and have secured a pool of banks to guarantee it.
ROME/MILAN, Dec 12 (Reuters) – Executives of Banca Monte dei
Paschi di Siena were expected to clash with the
troubled bank’s top investor at a meeting on Thursday, held to
discuss the timing of a 3 billion euro ($4 billion) cash call
needed to avert nationalisation.
Chairman Alessandro Profumo and Chief Executive Fabrizio
Viola aim to launch the rights issue in January and have secured
a pool of banks to guarantee it.
MILAN/ROME, Dec 6 (Reuters) – The top investor in troubled
Italian bank Monte dei Paschi di Siena said it would
only support the lender’s planned January share issue if it is
postponed to the second quarter of next year, throwing the
operation into doubt.
The Monte dei Paschi foundation, which holds 33.5 percent of
the bank, has been seeking to sell all or part of its stake to
pay back around 350 million euros ($478.9 million) of debt, but
has so far failed to find a buyer and is keen to win more time.