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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.

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.

Monte Paschi's top shareholder would not welcome January capital hike

SIENA, Italy (Reuters) - The banking foundation that is the biggest shareholder of Italy's loss-making bank Monte dei Paschi di Siena <BMPS.MI> said on Tuesday carrying out a planned capital increase in January would not be a welcome move. Earlier this month, Monte Paschi Chief Executive Fabrizio Viola told analysts there were three possible windows for the capital hike to be launched - January 2014, June or the end of the year. "It's clear that the more time goes by, the more difficult it gets," Viola said.

Monte Paschi posts third quarter loss, bad loans rise

By Silvia Aloisi MILAN (Reuters) - Italy's scandal-hit Monte dei Paschi <BMPS.MI> posted its sixth straight quarterly loss in the three months to September, highlighting the challenges the bailed-out Tuscan bank faces to lure private investors and avoid nationalization. Italy's third-largest bank by branches reported a net loss of 518 million euros ($697 million) in the first nine months of the year.

Bank of Italy seeks stronger powers over bank acquisitions

MILAN (Reuters) - Italy's central bank wants to beef up the way it oversees acquisitions by banks after it was severely criticized earlier this year following a scandal at Monte dei Paschi <BMPS.MI>. Italy's third-biggest bank has been rocked by a furor over opaque derivatives deals connected with the 9 billion euro acquisition of its rival Banca Antonveneta in 2007, just before the start of the global financial crisis.

Italian prosecutors seek JPMorgan indictment for Paschi-Antonveneta deal

FLORENCE, Italy (Reuters) - Siena prosecutors requested that JPMorgan Chase & Co <JPM.N> stand trial for obstructing regulators as part of a wider probe into Banca Monte dei Paschi di Siena's <BMPS.MI> purchase of Banca Antonveneta <BMPSAT.UL>, said a judicial source. Prosecutors allege JPMorgan withheld information from Italian regulators about a 1 billion euro ($1.36 billion) financing the New York-based bank arranged for Italian bank Monte Paschi's takeover of domestic rival Antonveneta in 2008.

Factbox: Monte Paschi seeks to avoid state takeover

MILAN (Reuters) - Monte dei Paschi di Siena <BMPS.MI>, Italy's third biggest lender, will approve a restructuring plan on Tuesday that could force its nationalization unless it can find private investors willing to bet on a bank hit by scandal and bad debts. Following are a few facts about the bank:

Monte dei Paschi sets guidelines for new restructuring plan

MILAN (Reuters) - Italy's Monte dei Paschi di Siena <BMPS.MI> said on Wednesday its board had discussed the guidelines for a new restructuring plan as it seeks to win a green light from the European Commission for a 4.1 billion euro ($5.45 billion) state bailout. The new plan will be submitted to the board for approval on September 24, the lender said in a note, without giving any details.

Exclusive: Monte Paschi accused of misleading Italy regulator

By Silvia Aloisi and Stefano Bernabei MILAN/ROME (Reuters) - Banca Monte dei Paschi di Siena sparked fresh controversy on Friday when it was accused of misleading Italy's market regulator in the run-up to a state bailout earlier this year. Monte dei Paschi is already at the center of a judicial probe into its acquisition of smaller rival Antonveneta in 2008 and a series of derivatives trades the bank allegedly used to conceal losses.

JP Morgan under investigation in Monte Paschi probe: document

By Silvia Ognibene and Silvia Aloisi SIENA/MILAN (Reuters) - Italian prosecutors probing Monte dei Paschi's 2007 acquisition of a smaller rival are investigating U.S. investment bank JP Morgan over an alleged crime committed by one of its employees, according to a prosecutors' document.
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