Connect to share and comment

Top Monte Paschi investor says to vote for cash call delay

By Stefano Bernabei and Paola Arosio MILAN/ROME (Reuters) - The top investor in troubled Italian bank Monte dei Paschi di Siena <BMPS.MI> said it would only support the lender's planned January share issue if it is postponed to the second quarter of next year, throwing the operation into doubt.

Draghi informed of Monte Paschi doubts but not at fault - source

* Draghi didn't have responsibility for punishing Monte Paschi * BOI vigilance is slow but deliberate - senior source * Says Monte Paschi vigilance did not fail, but would welcome more powers By Gavin Jones ROME, Feb 4 (Reuters) - Mario Draghi was informed of doubts raised by Bank of Italy inspectors about the Monte dei Paschi bank but had little control over what has been widely criticised as ineffective oversight of the scandal-hit lender, a senior BoI source told Reuters.

UPDATE 4-Italy's Monte Paschi faces shareholder fury as scandal widens

* Shareholders blast "casino" management * PM Monti says problems confined to historic Tuscan lender * Bank of Italy rejects criticism of supervision * Management under pressure at angry shareholder assembly By Silvia Aloisi and Stefano Bernabei

UPDATE 2-Italy's Monte Paschi faces shareholder fury as scandal widens

* Shareholders blast "casino" management * PM Monti says problems confined to historic Tuscan lender * Bank of Italy rejects criticism of supervision * Management under pressure at angry shareholder assembly By Silvia Aloisi and Stefano Bernabei
Syndicate content