GENOA, Italy, May 16- A deepening recession and banking stress tests could find Italy's mid-sized lenders short of billions of euros, putting the state on the hook for a new wave of cash calls and triggering an overhaul of how they do business.
European shares were higher in early afternoon trade on Wednesday despite preliminary growth data from the euro zone missing estimates.
*Banca Monte dei Paschi di Siena jumps after results. Banking stocks were among the biggest gainers, with Italy's Banca Monte dei Paschi di Siena jumping 8 percent after posting a smaller-than-expected quarterly loss and confirming its intention to pay a coupon on state loans in cash, sparking hopes of a turnaround for the lender.
*Banca Monte dei Paschi di Siena rises after results. PARIS, May 15- European shares were mixed in early trade on Wednesday, taking a breather from a sharp rally started in mid-April, with lower-than-expected growth data for Germany and France denting investor appetite.
LONDON, May 07 Fitch Ratings has affirmed Banca Antonveneta's Long-term Issuer Default Rating at' BBB' with Negative Outlook, Short-term IDR at' F3' and Support Rating at' 2'. The withdrawal follows the merger of Antonveneta into its parent Banca Monte dei Paschi di Siena.
MILAN, May 6- The main shareholder in bailed-out Italian lender Banca Monte dei Paschi di Siena has cut its valuation of the bank to a quarter of what it was two years ago after a scandal over risky derivative deals.
MILAN, May 6- The main shareholder in bailed-out Italian lender Banca Monte dei Paschi di Siena has cut its valuation of the bank to a quarter of what it was two years ago in the wake of a scandal over risky derivatives deals.
MILAN, May 6- Italy's stock market watchdog should have wider powers to fight corporate wrongdoing, including that of removing board members of listed companies, its head said on Monday.
May 2-:* Intesa Sanpaolo SPA: Credit Suisse cuts target price to 1.64 euros. *Monte DEI Paschi di Siena: Credit Suisse cuts target price to 0.13. *Unicredit SPA: Credit Suisse cuts target price to 3.82 euros from.
DEUTSCHE BANK Indicated 2.3 percent higher. Separately, the chairman of Monte dei Paschi di Siena said on Monday a lawsuit by the Italian bank against Nomura and Deutsche Bank over loss-making derivatives deals is well founded. Related news DEUTSCHE BOERSE Indicated 0.4 percent higher.
LONDON, April 30- European shares were set to rise on Tuesday and stay on track for an 11th month of gains, with expectations of a rate cut by the European Central Bank and the continuation of easy U.S. monetary policy boosting sentiment.
DEUTSCHE BANK Indicated 2.3 percent higher. Separately, the chairman of Monte dei Paschi di Siena said on Monday a lawsuit by the Italian bank against Nomura and Deutsche Bank over loss-making derivatives deals is well founded. Related news DEUTSCHE BOERSE Indicated 0.4 percent higher.
Italy's new Prime Minister Enrico Letta won his first vote of confidence in parliament on Monday after promising to press for a change to the European Union's focus on austerity and pursue economic growth and jobs. *Italy's new government wants to renegotiate the pact of stability with the European Union, the industry minister said in an interview on Tuesday.
Nomura Holdings Inc gained 2.6 percent to a two-week high of 782 yen after the brokerage reported a net profit of 82.4 billion yen for the January-March quarter, its highest quarterly profit in seven years on Friday.
TOKYO, April 30- The Nikkei stock average is expected to tread in range on Tuesday, although it is heading for its best April performance in 20 years after the Bank of Japan stunned financial markets earlier this month with sweeping stimulus measures.
TOKYO, April 30- The Nikkei stock average is expected to tread in range on Tuesday, although it is heading for its best April performance in 20 years after the Bank of Japan stunned financial markets earlier this month with sweeping stimulus measures. The Nikkei is likely to trade between 13,750 and 13,950, strategists said, while Nikkei futures in Chicago.
*Plans visit to Brussels, Paris, Berlin this week. ROME, April 29- Italy's new Prime Minister Enrico Letta won his first vote of confidence in parliament on Monday after promising to press for a change to the European Union's focus on austerity and pursue economic growth and jobs.
ROME/ SIENA, April 29- There was no evidence that Nomura made wrongful or disproportionate gains from its contentious "Alexandria" derivative deal with Italian bank Monte dei Paschi, an Italian judge said in rejecting an assets seizure order against the Japanese bank.
SIENA, Italy, April 29- A lawsuit by Italy's Monte dei Paschi di Siena against Nomura and Deutsche Bank over loss-making derivatives deals is well founded, the bank's chairman said on Monday.
SIENA, Italy, April 29- Shareholders at Italy's Monte dei Paschi approved on Monday a lawsuit against the lender's former managers and two foreign banks over loss-making derivative trades that brought it close to collapse.