CNBC's Andrea Cabrini reports shares traded wildly after the embattled lender admitted there are no anchor investors taking up its share sale.
Italy’s parliament has approved a $21 billion rescue fund for BMPS. Class CNBC’s Andrea Cabrini reports the latest.
As Europe’s markets open for trade, Class CNBC’s Andrea Cabrini talks about the latest news coming out of Italian’s embattled lender BMPS.
Richard Martin, MD at IMA Asia, weighs in on the public bailout of the troubled Italian bank.
U.S. equities fell slightly on Wednesday, with real estate lagging, as the Dow Jones industrial average failed to reach 20,000.
The dollar took a breather from its run since the November 8 U.S. presidential election.
More than eight years after the collapse of the global financial system, the Continent's banks are struggling — and things may worsen.
European shares closed lower on Wednesday as concerns increased regarding the stability of the Italian banking system.
Italian lender says it now expected its 10.6 billion euro liquidity position to turn negative after four months.
The world's oldest bank is warning liquidity will dry out in four months instead of the eleven months it has previously forecast, reports CNBC's Claudia Pensotti.
Italian bank BMPS has warned that it would run out of cash at a faster pace than previously forecast. Class CNBC’s Claudia Pensotti reports.
Richard Lewis, head of global equities at Fidelity, reacts to the latest news about BMPS and the challenges the Italian bank faces.
European stocks closed higher on Tuesday with investors digesting news of two separate attacks in the German and Turkish capitals.
Government to seek parliamentary approval to borrow to underwrite its wobbly banking sector, starting with Monte dei Paschi di Siena
European shares closed slightly lower on Monday as investors digested economic data from Germany.
Daniel Morris, senior investment strategist at BNP Paribas, takes a look at Italy’s economic performance, with comment on BMPS and whether the banks can improve going forward.
European shares closed higher on Friday after a mixed open as investors reacted to the Federal Reserve's rate hike and digested fresh data.
Italy is ready to pump 15 billion euros into Monte dei Paschi di Siena and other ailing banks, sources said.
European stocks closed higher on Thursday after the U.S. Federal Reserve announced a 25 basis point rate increase.
Ailing Italian bank Monte dei Paschi di Siena on Thursday formally approved a last-ditch attempt to raise 5 billion euros by year end.