European markets finished Friday in the red, after investors digested the latest U.S. jobs report for July.» Read More
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.
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.