European markets closed higher on Tuesday as investors focused on the upcoming meeting of the Federal Reserve.
Monte dei Paschi is racing against time to raise 5 billion euros by the end of the month.
European stocks closed higher on Friday after the ECB announced an extension of its massive bond-buying program.
It's the oldest world lender and it has been making headlines amid concerns it doesn't have the financial capacity to cover its bad debts.
Sergio Mattarella, the Italian head of state, asked him to freeze the resignation until the budget is approved, The Financial Times reports.
European markets closed higher on Monday afternoon despite earlier losses following Italian PM Matteo Renzi's announcement to resign.
Italian shares fell as much as 2% in early trading, but regained their poise as investors look beyond the political risk of the No vote.
Italy is getting ready for a referendum that could overhaul the country’s constitution, and the stakes are high.
The Brexit vote stunned markets in June, and Donald Trump shocked investors in November. The Italians may be next.
Italian banking stocks came under renewed pressure on Friday on growing jitters before the referendum on a constitutional reform.
Financial stocks were top performers for a third day Tuesday, as traders continue to bid up the group on expectations the Fed will raise interest rates this year.
Sources say PZU's chief executive, Michal Krupinski, is off to Milan this week to discuss a possible deal.
'If now, without NPLs, with a clear strategy, I think this bank could be a very good bank for the future.'
Key Italian financial services firms are under pressure and face the potential need to raise capital, leaving Italian government officials and its banking system trying to steer clear of a crisis.
European stock indexes finished sharply higher on Thursday, as investors speculated whether Britain would remain a member of the EU after the referendum.
Joseph Oughourlian, co–founder of Amber Capital, comments on the problems facing Italian banks, including UniCredit.
European equities ended higher on Tuesday, as sentiment was lifted by a handful of positive earnings and a sharp tick-up in commodity stocks and prices.
Declining earnings in the first quarter may not lead to falling stocks, according to market history.
European equities were higher with investors cheering a rally in oil prices and digesting the aggressive easing measures the ECB announced.
In this week's Trader Poll, tell us if you are buying banking stocks amid uncertainties surrounding the sector.