Forty-five Pimco’s funds have been added to Monte Paschi di Siena (MPS)’s adviser and private banker offering.
Giuseppe Mussari, head of the Italian banking association ABI, has resigned from the institution following amid a scandal on the approval of a series of derivative contracts at Monte dei Paschi di Siena, while he was chairman of the bank.
Siena-based Banca Monte dei Paschi di Siena has confirmed a recruitement strategy aimed at hiring about 100 private bankers to expand its network across the Italian territory.
Italy’s Banca Monte dei Paschi di Siena (MPS) has appointed a number of financial advisers to its network. The Siena-based bank hired Mauro Gaeta, Carlo Castagnoli and Aristide Tondini from Azimut.
Italy’s Banca Monte Paschi di Siena has appointed Francesco Fanti as head of the private banking business.
Italy’s Banca Monte dei Paschi di Siena, the country’s third largest lender, is pushing ahead with the merger of its subsidiary Banca Antonveneta, strongly supported by chief executive Fabrizio Viola.
Behavioral funds’ performance follows seasonal patterns, and tend to outperform more traditional funds in positive markets, according to research published by Italy’s Banca Monte dei Paschi di Siena.
Italy’s Banca Monte dei Paschi di Siena (MPS) could face a reduction in assets controlled by its shareholders, which would see the government directly taking a stake in the country’s third biggest bank.
Italy’s bank UBI Banca has become one of the latest eurozone companies to announce a restructuring plan to achieve a more efficient business model.
Monte dei Paschi di Siena (MPS) Foundation, the controlling shareholder of Italian third largest bank Banca Monte dei Paschi di Siena, has confirmed it has reached a temporary agreement with its creditors on the repayment of the €1bn debts owed by the institution.
Nicola Romito (pictured), deputy general manager of Italian bank Banca Monte dei Paschi di Siena (MPS) has left the group after almost 20 years, the bank has confirmed.
Pricing of the bonds and credit default swaps of three major Italian banks suggests that investors attach to those assets a higher risk profile than the one assigned by Standard & Poor’s, the rating agency has warned.