Italy's CDP buying Monte dei Paschi is 'fantasy' - Treasury official
Posted on Wednesday April 11, 2018

A senior Italian Treasury official dismissed as "fantasy" the idea that state agency Cassa Depositi e Prestiti (CDP) could buy bailed-out lender Banca Monte dei Paschi di Siena (BMPS.MI). Il Messaggero daily reported on Wednesday that Monte dei Paschi could be involved in a potential plan by the Five-Star Movement to make CDP more similar to a French sister agency by putting it in control of a bank to spur investments in infrastructure and corporate lending. "I won't comment but it sounds like a fantasy," Alessandro Rivera told Reuters on the sidelines of a conference in Milan.

Italy's Monte dei Paschi gears up for London roadshow amid investor nerves - sources
Posted on Monday April 09, 2018

LONDON/MILAN (Reuters) - Italy's Banca Monte dei Paschi di Siena (MPS) (BMPS.MI) will meet investors in London on April 4, two sources close to the bank told Reuters, as the Tuscan lender seeks to soothe concerns over its turnaround progress. Monte dei Paschi is grappling with falling revenues and high bad loans that led to an 8.1 billion euro ($10 billion) bailout last year, with Rome injecting 3.9 billion euros into the country's fourth-largest bank and investors shouldering the rest. Political uncertainty in Italy following an inconclusive general election adds to the nervousness surrounding Monte dei Paschi, which is 68 percent owned by the state.

Monte dei Paschi's bosses confident about turnaround plan: sources
Posted on Wednesday April 04, 2018

The top executives of bailed-out Italian bank Monte dei Paschi di Siena (BMPS.MI) told investors in London on Wednesday the bank is making progress with its turnaround plan, two fund managers who attended the meetings said. CEO Marco Morelli and CFO Andrea Rovellini said in one-to-one investor meetings they were confident about hitting targets agreed with EU authorities to clear the rescue, one fund manager said. Italy' fourth-largest bank, brought low by mismanagement and a huge bad loan pile, has been the biggest threat to the country's financial stability for years, until an 8.1 billion euro ($10 billion) bailout last summer handed the Rome government a 68 percent stake.

A Year After Bailout, Italy's Paschi Turns Away Bond Buyers
Posted on Thursday January 11, 2018

Bond investors are buying into some of Europe’s most troubled banks, in further evidence that the continent’s years-long effort to put its lenders on a solid footing is working.