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Italy's Monte dei Paschi considers bigger cash call

By Lisa Jucca and Stefano Bernabei MILAN/ROME (Reuters) - Italy's loss-making Banca Monte dei Paschi di Siena <BMPS.MI> is considering increasing the size of its planned share sale to help it pass a Europe-wide bank health check and repay state aid this year. Italian banks, struggling under a mountain of bad debt after two years of deep recession, are aiming to boost their capital bases to cover loan losses and meet a tough assessment of asset quality being carried out by the European Central Bank.

Italy's Monte dei Paschi considers bigger cash call

By Lisa Jucca and Stefano Bernabei MILAN/ROME (Reuters) - Italy's Banca Monte dei Paschi di Siena <BMPS.MI> is considering increasing the size of its planned share sale to help it pass a euro-zone wide bank health check and repay state aid this year. Late on Monday, Italian news agency ANSA said Italy's third-largest lender was looking to tap investors for up to 5 billion euros ($6.9 billion), more than the 3 billion planned.

Crisis-hit Italian BMPS bank surprises with size of loss

Italian bank Banca Monte dei Paschi di Siena (BMPS), one of the oldest and most prestigious lenders in Europe, on Wednesday reported an unexpectedly big loss for 2013. The bank, founded in 1472, suffered a net loss of 1.439 billion euros ($1.99 billion) last year -- a blow for BMPS as it prepare to raise fresh capital to avoid nationalisation. The figure far exceeded a loss of about 900 million euros forecast by analysts surveyed by the Radiocor news agency. But it was an improvement on the net loss of 3.168 billion euros the crisis-hit bank suffered in 2012.

Monte Paschi's top shareholder trims stake to just below 30 percent

MILAN (Reuters) - The top investor in Italy's No.3 bank by asset, Monte dei Paschi di Siena <BMPS.MI>, has sold shares worth 40.6 million euros ($56.35 million) on the market, equivalent to 1.6 percent of the bank's market capitalization, regulatory filings showed. The sale took place in three tranches on March 6, 7 and 10, coming on the heels of a 20-percent market rally on March 5 that traders said had been triggered by speculation the investor, a cash-strapped charitable foundation, was selling down its bank holdings.

Monte Paschi shares suspended after rising 5.5 percent

MILAN (Reuters) - Shares in Italy's Banca Monte dei Paschi di Siena <BMPS.MI> were suspended from trading on Milan's bourse on Thursday after rising 5.5 percent to 0.232 euros ($0.32). Newspapers reported earlier on Thursday the top shareholder foundation had sold a stake in the troubled Italian bank. Traded volume was already nearly 68 percent of the daily average of the past 30 days at 0809 GMT. The Italian all-share index was up 0.73 percent.

Monte Paschi top investor to sue former executives, banks

SIENA, Italy (Reuters) - The top investor in Italian bank Monte dei Paschi di Siena has decided to sue former members of its own board and banks that helped arrange a 600 million euros loan in 2011, it said in a statement. The cash-strapped banking foundation, whose wealth has been wiped out by a sharp fall in the value of Monte dei Paschi shares in the past two years, ran up big debts to take part in two capital increases at the bank in 2008 and 2011.

Police probe fraud scandal targeting Italian MPS bank

Italy's financial police searched premises in several cities Wednesday as part of a probe into an association accused of defrauding Banca Monte dei Paschi di Siena, media reports said. Searches were carried out in Milan, Monza and Siena, including at the headquarters of Centrosim, a financial intermediary society headed by the central institute of Italian popular banks. Police are looking for documents which may help trace transactions between the world's oldest bank and broker company Enigma, sent through Centrosim.

Monte Paschi foundation in talks with Qatar on stake sale: report

MILAN (Reuters) - The Qatar sovereign fund is in talks with the main shareholder of Banca Monte dei Paschi di Siena <BMPS.MI> to buy a 15-20 percent stake in the troubled Italian lender ahead of its much-awaited rights issue, daily Il Messaggero said on Saturday. Loss-making Monte dei Paschi, which received 4.1 billion euros ($5.58 billion) of state aid last year after being hit by the sovereign debt crisis and a derivatives scandal, is looking to raise 3 billion euros in fresh capital.

Monte Paschi share sale crucial for Italy banking system-chairman

By Lisa Jucca MILAN (Reuters) - A failure by Italy's third-largest lender Monte dei Paschi di Siena <BMPS.MI> to carry out a vital $4 billion share sale later this year would threaten the country's entire bank sector, Chairman Alessandro Profumo was quoted saying. Profumo's comments in an interview with daily La Repubblica

Monte Paschi Chairman, CEO stay on despite cash call delay-source

SIENA, Italy (Reuters) - The chairman and the chief executive of Italy's Monte dei Paschi di Siena <BMPS.MI> will remain in their jobs despite being forced to delay a capital increase by the bank's top investor, a source with direct knowledge of the matter said on Tuesday. "Yes," the source said when asked if Chairman Alessandro Profumo and CEO Fabrizio Viola would stay on after a board meeting discussed their fate on Tuesday.
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