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Banca Monte dei Paschi di Siena SpA

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  • *Capital increase to be launched by 2015. SIENA, Italy Oct 9- Banca Monte dei Paschi di Siena, Italy's No.3 lender, won approval for a 1 billion euro share issue on Tuesday to help it to fix a balance sheet ravaged by the euro zone debt crisis.

  • SIENA, Italy, Oct 9- Italy's third biggest lender, Banca Monte dei Paschi di Siena, won approval on Tuesday for a capital increase of up to 1 billion euros that will be carried out by 2015.. The plan was approved by investors at an extraordinary shareholder meeting.

  • SIENA, Italy, Oct 9- Banca Monte dei Paschi di Siena could scrap an existing 4 percent ceiling for voting rights if this was seen as undermining the outcome of a 1 billion euro capital increase to be launched by 2015, its chairman said on Tuesday.

  • MPS Chairman says aims to keep bank independent Tuesday, 9 Oct 2012 | 7:10 AM ET

    SIENA, Italy, Oct 9- The chairman of Italy's third biggest lender, Banca Monte dei Paschi di Siena, said on Tuesday he aimed to keep the bank "totally and absolutely" independent.

  • SIENA, Italy, Oct 9- The top shareholder in Italy's third biggest lender, Banca Monte dei Paschi di Siena, said on Tuesday it would vote in favour of a capital increase of up to 1 billion euros in the next five years but hoped the cash call will not be necessary.

  • Monte Paschi seeks nod for 1 bln euro capital hike Monday, 8 Oct 2012 | 6:01 PM ET

    MILAN, Oct 9- Banca Monte dei Paschi di Siena, Italy's No.3 lender, was set to win approval for a capital increase of up to 1 billion euros on Tuesday, part of a restructuring plan laid out in June.

  • MILAN, Oct 8- Italian banks are parking their money in domestic government bonds rather than lending it to businesses, central bank data showed on Monday, signalling a worsening credit crunch in the euro zone's third largest economy.

  • MILAN, Oct 8- Italian bank loans to non-financial companies fell for a fourth month running in August, data from the Bank of Italy showed on Monday, signalling no let-up in the credit crunch that is crippling the euro zone's third largest economy.

  • MILAN, Oct 8- Italian banks are parking their money in domestic government bonds rather than lending it to businesses, central bank data showed on Monday, signalling a worsening credit crunch in the euro zone's third largest economy.

  • Italy - Factors to watch on October 5 Friday, 5 Oct 2012 | 1:00 AM ET

    Italy faces the risk of a credit crunch when its banks have to repay the cheap three-year loans they took from the European Central Bank, the chairman of the country's third-biggest lender Monte dei Paschi said on Thursday.

  • *MPS chairman says Italy risks credit crunch in 2 yrs time. MILAN, Oct 4- Italian banks may need to roll over cheap three-year loans they took from the European Central Bank to avoid a credit crunch, the chairman of the country's third-biggest lender, Banca Monte dei Paschi di Siena, said on Thursday.

  • MILAN, Oct 4- Italy faces the risk of a credit crunch when its banks have to repay the cheap three-year loans they took from the European Central Bank, the chairman of the country's third-biggest lender Monte dei Paschi.

  • Italy - Factors to watch on Oct. 4 Thursday, 4 Oct 2012 | 12:00 AM ET

    The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs.

  • UPDATE 2-EU bank watchdog sticks to capital target Wednesday, 3 Oct 2012 | 2:22 PM ET

    By Huw Jones and Steve Slater. LONDON, Oct 3- The European Union's banking watchdog is sticking to a capital target for banks to help shield them from the euro zone debt crisis, saying lenders that fall short won't be able to pay dividends or big bonuses.

  • Deutsche Bank seen hardest hit by Liikanen reforms Wednesday, 3 Oct 2012 | 8:04 AM ET

    LONDON, Oct 3- Deutsche Bank is set to be the bank most affected, with profits hit hardest, by proposals to separate higher risk banking activities from traditional deposit-taking business, which are likely to affect about 20 banks, analysts said.

  • MILAN, Oct 3- Italy's No.3 lender Banca Monte dei Paschi di Siena confirmed it had failed to meet a European Banking Authority request to plug a capital shortfall by the end of June. In a statement on Wednesday, Monte Paschi said it had a capital shortfall of 1.728 billion euros at the end of June, a situation that had prompted it to ask for state support.

  • *Natixis raises Banco Popolare target price to 1.12 euros. *Natixis raises BNP Paribas target price to 45.5 euros from 40 euros; rating buy. *Natixis raises Credit Agricole SA target price to 6.7 euros from.

  • Italy - Factors to watch on Oct 2 Tuesday, 2 Oct 2012 | 12:00 AM ET

    New car sales in recessionary Italy plunged 25.7 percent in September from the same month a year ago to 109,178 vehicles, Italy's Transport Ministry said on Monday.

  • Monte dei Paschi agrees sale of Biverbanca-CEO Monday, 1 Oct 2012 | 9:45 AM ET

    SIENA, Oct 1- Banca Monte dei Paschi di Siena. has agreed a deal to sell a 60 percent stake in Biverbanca to Cassa di Risparmio di Asti, chief executive Fabrizio Viola said on Monday. The sale of the stake had been held up by a row over Biverbanca's 2.1 percent shareholding in the Bank of Italy.

  • MILAN, Oct 1- The main shareholder of Banca Monte dei Paschi di Siena said on Monday it had sold on the market a 1.41 percent stake in the world's oldest bank. Monte Paschi, the country's third-biggest lender, was forced to request state aid in June to plug a capital shortfall and meet tougher European requirements.