ABN Amro broke most banking stereotypes when its chairman dressed up in drag and masqueraded as a brothel owner at a corporate event.» Read More
*Repsol surges on hopes of YPF compensation deal. PARIS, Nov 26- European stocks fell in brisk volumes on Tuesday, as corporate profit warnings and lower-than-expected U.S. consumer confidence data spooked investors and kept benchmark indexes within ranges set earlier this month.
*Repsol surges on hopes of YPF compensation deal. Shares in Spanish oil major Repsol bucked the trend, surging 4.6 percent as investors cheered the potential end to a year-long conflict with Argentina over compensation for the nationalisation of Repsol's stake in YPF.
The board of troubled Italian lender Banca Monte dei Paschi di Siena has approved a rights issue of up to $4.1 billion.
FRANKFURT, Nov 6- German prosecutors have widened an investigation of Deutsche Bank's co-chief executive Juergen Fitschen to include the bank itself. Deutsche Bank declined to comment.
"To regain a satisfactory profitability, the Italian banking system should cut its branch network by at least 30 percent and rationalise costs, personnel and size at remaining offices," said Roberta Berlinghieri, a partner at Bain& Company in Italy.
ROME, Oct 10- Italian Prime Minister Enrico Letta's near term survival seems to be assured after beating an attempt by centre-right leader Silvio Berlusconi to bring down his coalition government.
The restructuring of Banca Monte dei Paschi di Siena is essential if the bank is to continue to operate independently, its chief executive told CNBC,
MILAN/ ROME, Oct 7- Bowing to European Union requests, loss-making Italian bank Banca Monte dei Paschi di Siena unveiled thousands of new job cuts on Monday and asset sale plans in a bid to return to profit and stave off nationalisation.
European shares closed lower on Monday as the partial government shutdown in the U.S. continued, and as investors worried that the impasse could lead to the country defaulting on its debt.
The restructuring of Europe's banks will be positive in the end, the head of Italy's main stock exchange told CNBC on Monday.
*Comments on China from Burberry CEO weigh on luxury stocks. PARIS, Oct 7- European stocks dropped in early trade on Monday, with one benchmark index hitting a four-week low, as the lack of progress in resolving Washington's budget standoff kept investors on edge.
Oct 2- Siena prosecutors requested that JPMorgan Chase& Co stand trial for obstructing regulators as part of a wider probe into Banca Monte dei Paschi di Siena SpA's purchase of Banca Antonveneta SpA, Bloomberg reported citing people familiar with the matter.
MILAN, Oct 1- Enrico Cucchiani's ousting from Italy's biggest retail bank underscores the power of the old guard in the financial system that critics say holds the economy back.
MILAN, Sept 30- Expectations that a rebellion within Silvio Berlusconi's party may avoid snap elections in Italy pulled bond yields off the day's highs and curbed stock market losses.
MILAN, Sept 30- Investors shunned Italian government bonds and shares on Monday after Silvio Berlusconi pulled the rug from under Prime Minister Enrico Letta's frail coalition government by ordering five centre-right ministers to quit. Italy's political strife may ripple beyond the country's borders, particularly if new elections result.
Trouble at the top in Italy is not confined to its politicians.
*Monte dei Paschi investors wait to see how they will fare. LONDON, Sept 29- Investors awaiting the finer points of Monte dei Paschi's restructuring plan could soon find themselves wishing their bank had run aground at another time and place in the eurozone financial crisis.
MILAN, Sept 20- Monte dei Paschi di Siena, Italy's third biggest lender, will approve a restructuring plan on Tuesday that could force its nationalisation unless it can find private investors willing to bet on a bank hit by scandal and bad debts.
*Monte Paschi board to approve new plan on Sept. 24. MILAN/ ROME, Sept 20- Italy's scandal-hit Monte dei Paschi di Siena will next week unveil a drastic turnaround plan for the bank to meet European Union demands and try to lure investors in a make-or-break attempt to avoid nationalisation.
MILAN/ ROME, Sept 9- The prospect of nationalisation looms large for Italy's Monte dei Paschi di Siena now that the beleaguered lender needs to raise more than twice as much capital as originally planned to meet new European Union requirements.