Fabrizio Viola, chief executive, and Alessandro Profumo, chairman, of Italian bank Banca Monte Paschi di Siena (MPS), have unveiled a new top management team.
An agreement between Monte dei Paschi di Siena (MPS) Foundation, the controlling shareholder of Italian third largest bank Banca Monte dei Paschi di Siena, and its creditors on the repayment of the €1bn debts owed by the institution has been postponed...
Banca Monte dei Paschi di Siena, Italy’s third largest banking group, posted losses €4.69bn for 2011. The losses are bigger than expected, and will entail asset disposals and staff cuts.
Alessandro Profumo, the former chief executive of UniCredit, Italy’s largest bank by assets, is to become chairman of Banca Monte dei Paschi di Siena, the third largest bank in Italy, after winning the support of its top shareholder.
Equinox Investments, a Luxembourg-based private equity fund, has confirmed its interest in acquiring an ‘important’ stake in Italy's third largest bank, Banca Monte dei Paschi di Siena.
Consolidation resulting from the current market turmoil is reshaping the fund management scene in Italy.
Banca Monte dei Paschi di Siena, one of Italy’s biggest and oldest banking groups, has appointed Fabrizio Viola, former chief executive of Banca Popolare dell’ Emilia-Romagna, as its new chief executive.
Monte Paschi di Siena Group has sold a Monaco subsidiary to Andbanc, an Andorra-based private bank.
Fears of contagion from the Greek debt crisis have affected trading in Italian bank shares