In a report released on April 4, Paola Sabbione from Barclays downgraded Banca Monte dei Paschi di Siena SPA (0RK6 – Research Report) to a ...

Banca Monte dei Paschi said it received approval from the European Central Bank to raise capital from the issuance of new shares as part of its bid for Mediobanca. The Italian bank, formally called ...

Formally called Banca Monte dei Paschi di Siena, it is widely known as the world’s oldest bank, founded in Siena in 1472. It was long a problem child, hamstrung by poor lending decisions ...

The Italian economy will grow by 0.5% this year, far below the government's official 1.2% estimate, the country's central bank said on Friday, cutting a 0.7% forecast it made in December and ...

Monte dei Paschi di Siena downplayed the potential impact of ongoing market turbulence on its 13-billion-euro offer for ...

Siena, ITALY — Monte dei Paschi di Siena is holding firm on its plans to acquire Mediobanca for 13 billion euros ($14.3 billion) despite ongoing market turbulence, telling CNBC it will complete ...