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Banca Popolare di Milano Scarl

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  • *Monte Paschi hires UBS, Citi to review options, including merger. MILAN/ ROME, Oct 26-- Italy's Monte dei Paschi di Siena faces a 2.1 billion euro funding shortfall that could force it to seek a merger, after a European banking review revealed serious weak points in the Italian financial system. The historic Tuscan lender, which was founded in 1472 and carried out a 5-...

  • MILAN, Oct 26-- Italy's Monte dei Paschi di Siena is the bank with the biggest capital shortfall among euro zone lenders after a health check aimed at testing the resilience of the bloc's banking sector. The Tuscan-based bank, Italy's third-largest and the world's oldest, still needs to raise 2.1 billion euros even after tapping the market for five billion euros...

  • *One named bank- Austria's Erste- denies report. MADRID/ VIENNA, Oct 22- The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower. Austria's Erste Group rejected the report from Spanish...

  • MADRID/ VIENNA, Oct 22- Austria's Erste Bank rejected a report that it was one of at least 11 banks that had failed the European Central Bank's landmark health check, while other banks named by Spanish newswire Efe did not comment. Efe said Erste, along with banks from Italy, Belgium, Cyprus, Portugal and Greece, had failed the ECB review based on preliminary data, but...

  • MILAN/ PARIS, July 4- Late on May 23, Italian financier Andrea Bonomi phoned executives at his country's two largest banks seeking more than 200 million euros in loans to help him bid for French holiday resort company Club Mediterranee.

  • Europe shares close down with Syria again in focus Wednesday, 28 Aug 2013 | 9:56 AM ET

    European shares closed lower on Wednesday, as riskier assets were shunned by investors on concerns about a possible military strike on Syria.

  • European shares finished lower Monday, after comments from the head of the Eurogroup who said a Cyprus bailout deal could be a new template for resolving euro zone banking problems.

  • Europe Shares Close Higher on Global Market Optimism Thursday, 14 Mar 2013 | 12:58 PM ET

    European shares rose on Thursday, resuming the two-week rally that has propelled indexes to multi-year highs.

  • Bank of Italy: No Dividends From Loss-Making Banks Thursday, 14 Mar 2013 | 10:13 AM ET
    Banca D'Italia

    The Bank of Italy told Italian banks to further hike provisions they set aside against bad debts to take into account the worsening economic scenario and asked lenders which posted losses not to distribute dividends or bonuses.

  • European Shares Propped Up by Solid US Data Friday, 1 Feb 2013 | 12:22 PM ET

    European shares inched up on Friday, as investors took advantage of the past two sessions' losses to snap up equities more cheaply, reassured by a run of solid data from China, Europe and the United States.

  • Europe Shares Close Higher, Italy Bucks the Trend Monday, 10 Dec 2012 | 12:59 AM ET

    European shares closed higher on Monday, but Italian shares closed firmly in the red after political uncertainty surfaced, with Prime Minister Mario Monti announcing he will step down before his term ends.