European stocks closed sharply higher on Friday after investors took heart from a rebound in China and reforms proposals from Greece.» Read More
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.
The European Banking Authority is to challenge a significant proportion of the capital restructuring plans put forward by the continent’s leading banks to meet tough new capital requirements, say three people familiar with the process, the Financial Times reports.