Antonveneta http://www.globalpost.com/taxonomy/term/27938/all en UPDATE 4-Italy's Monte Paschi faces shareholder fury as scandal widens http://www.globalpost.com/dispatch/news/thomson-reuters/130125/update-3-italys-monte-paschi-faces-shareholder-fury-scandal-wid <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Shareholders blast "casino" management</p> <p>* PM Monti says problems confined to historic Tuscan lender</p> <p>* Bank of Italy rejects criticism of supervision</p> <p>* Management under pressure at angry shareholder assembly</p> <p>By Silvia Aloisi and Stefano Bernabei</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130125/update-3-italys-monte-paschi-faces-shareholder-fury-scandal-wid" target="_blank">read more</a></p> Antonveneta Business Entertainment Labor Law Monte dei Paschi di Siena Monte Paschi Politics Siena Thomson Reuters Fri, 25 Jan 2013 17:15:52 +0000 Thomson Reuters 5739505 at http://www.globalpost.com UPDATE 2-Italy central bank approves Monte Paschi bailout request http://www.globalpost.com/dispatch/news/thomson-reuters/130126/update-1-bank-italy-board-meets-assess-monte-paschi-crisis <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Central bank okay clears final hurdle to state loans</p> <p>* Prosecutors reported to suspect Monte Paschi fraud, bribes</p> <p>* Bank of Italy under pressure over role as supervisor</p> <p>By Gavin Jones and Silvia Aloisi</p> <p>ROME/MILAN, Jan 26 (Reuters) - Italy's central bank on Saturday gave its approval to a request by scandal hit bank Monte dei Paschi di Siena for 3.9 billion euros ($5.3 billion) of state loans, the latest step in the battle to revive the ailing bank.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130126/update-1-bank-italy-board-meets-assess-monte-paschi-crisis" target="_blank">read more</a></p> Antonveneta bank Banks Business Financial services Investment Monte dei Paschi di Siena Thomson Reuters Sat, 26 Jan 2013 16:45:37 +0000 Thomson Reuters 5739881 at http://www.globalpost.com UPDATE 3-Italy's Monte Paschi finds no evidence of takeover bribes http://www.globalpost.com/dispatch/news/thomson-reuters/130128/update-1-monti-repeats-backing-bank-italy-over-monte-paschi <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* CEO Viola criticises former management, vital document not revealed</p> <p>* Says no need of more state aid after 3.9 bln euro package</p> <p>* PM Monti repeats confidence in Bank of Italy</p> <p>By Silvia Aloisi and Lisa Jucca</p> <p>MILAN, Jan 28 (Reuters) - Italy's troubled Monte dei Paschi bank said on Monday it had no evidence of bribery in a 2007 takeover now under scrutiny over alleged corruption, but acknowledged accounting irregularities over derivatives deals under previous management.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130128/update-1-monti-repeats-backing-bank-italy-over-monte-paschi" target="_blank">read more</a></p> Antonveneta Banks Business Economy of Italy Entertainment Italy Monte dei Paschi di Siena Monte Paschi Thomson Reuters Mon, 28 Jan 2013 09:30:40 +0000 Thomson Reuters 5740381 at http://www.globalpost.com ECB's Draghi met Italy minister over Monte Paschi case http://www.globalpost.com/dispatch/news/thomson-reuters/130129/ecbs-draghi-met-italy-minister-over-monte-paschi-case <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Stefano Bernabei and James Mackenzie</p> <p>SIENA/ROME, Jan 29 (Reuters) - European Central Bank head Mario Draghi, head of Italy's central bank until 2011, met Economy Minister Vittorio Grilli to discuss the widening scandal at Monte dei Paschi bank a day before Grilli was due to address parliament on the issue on Tuesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/ecbs-draghi-met-italy-minister-over-monte-paschi-case" target="_blank">read more</a></p> Antonveneta Banks Monte dei Paschi di Siena Thomson Reuters Tue, 29 Jan 2013 09:30:46 +0000 Thomson Reuters 5740908 at http://www.globalpost.com UPDATE 2-Monte Paschi ignored warnings over risk, documents show http://www.globalpost.com/dispatch/news/thomson-reuters/130129/update-1-italian-government-defends-bank-italy-over-monte-pasch <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Audit highlighted risk problems as early as 2009-documents</p> <p>* Finance department acted like bank-within-a bank-sources</p> <p>* Bank of Italy says raised concerns, imposed sanctions</p> <p>* Prosecutors look at bribe allegation linked to Antonveneta</p> <p>By Stefano Bernabei and Silvia Aloisi</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/update-1-italian-government-defends-bank-italy-over-monte-pasch" target="_blank">read more</a></p> Antonveneta Banks Economic history Italy Monte dei Paschi di Siena Thomson Reuters Tue, 29 Jan 2013 16:45:12 +0000 Thomson Reuters 5741075 at http://www.globalpost.com UPDATE 1-Rome court summons Bank of Italy over Monte Paschi http://www.globalpost.com/dispatch/news/thomson-reuters/130131/update-1-rome-court-summons-bank-italy-over-monte-paschi <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Antonella Cinelli</p> <p>ROME, Jan 31 (Reuters) - A court in Rome has summoned Bank of Italy officials for questioning on the state bailout of Monte dei Paschi, as scandal spread over the trading that plunged the world's oldest bank into trouble.</p> <p>The Tuscan bank suffered a further blow on Thursday when the Standard &amp; Poor's agency cut its long-term credit rating deeper into "junk" territory.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130131/update-1-rome-court-summons-bank-italy-over-monte-paschi" target="_blank">read more</a></p> Antonveneta Banks Business Monte dei Paschi di Siena Thomson Reuters Thu, 31 Jan 2013 19:46:26 +0000 Thomson Reuters 5742159 at http://www.globalpost.com Top Paschi di Siena bank officials in graft probe: report http://www.globalpost.com/dispatch/news/afp/130202/top-paschi-di-siena-bank-officials-graft-probe-report <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>About 10 former top officials of Banca Monte dei Paschi di Siena, have been named in a probe into a financial scandal that has shaken the Italian bank to its core, national media reported Saturday.</p> <p>Prosecutors launched legal proceedings into the bank some 10 days ago after media revealed that hundreds of millions of euros were missing from BMPS' accounts after risky investments in complex financial products.</p> <p>According to local media, BMPS directors tried to conceal the losses.</p> <p>Questioning of the former bank officials is expected to start next week. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130202/top-paschi-di-siena-bank-officials-graft-probe-report" target="_blank">read more</a></p> Antonveneta bank Financial institutions Monte dei Paschi di Siena Social Issues AFP Sat, 02 Feb 2013 22:00:22 +0000 Agence France-Presse 5744245 at http://www.globalpost.com Italian prosecutors interview ex-Monte Paschi chairman http://www.globalpost.com/dispatch/news/thomson-reuters/130204/italian-prosecutors-interview-ex-monte-paschi-chairman <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Giuseppe Mussari summoned as investigation widens</p> <p>* Prosecutors target former bank management</p> <p>* Rome prosecutors look at possible Vatican bank link</p> <p>By Silvia Ognibene</p> <p>SIENA, Italy, Feb 4 (Reuters) - Italian prosecutors called in the former chairman of Monte dei Paschi di Siena on Monday as they pursued their corruption investigation into an opaque series of loss-making derivatives trades at the bank.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130204/italian-prosecutors-interview-ex-monte-paschi-chairman" target="_blank">read more</a></p> Antonveneta Business Financial institutions Labor Law Monte dei Paschi di Siena Thomson Reuters Mon, 04 Feb 2013 18:45:43 +0000 Thomson Reuters 5745669 at http://www.globalpost.com UPDATE 1-Italian prosecutors interview ex-Monte Paschi chairman http://www.globalpost.com/dispatch/news/thomson-reuters/130204/update-1-italian-prosecutors-interview-ex-monte-paschi-chairman <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Giuseppe Mussari summoned as investigation widens</p> <p>* Prosecutors target former bank management</p> <p>* Rome prosecutors look at possible Vatican bank link</p> <p>By Silvia Ognibene</p> <p>SIENA, Italy, Feb 4 (Reuters) - Italian prosecutors called in the former chairman of Monte dei Paschi di Siena on Monday as they pursued their corruption investigation into an opaque series of loss-making derivatives trades at the bank.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130204/update-1-italian-prosecutors-interview-ex-monte-paschi-chairman" target="_blank">read more</a></p> Antonveneta Business Financial institutions Labor Law Monte dei Paschi di Siena Thomson Reuters Mon, 04 Feb 2013 19:45:33 +0000 Thomson Reuters 5745710 at http://www.globalpost.com UPDATE 2-IMF says Bank of Italy was vigilant on Monte Paschi http://www.globalpost.com/dispatch/news/thomson-reuters/130205/update-2-imf-says-bank-italy-was-vigilant-monte-paschi <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Giselda Vagnoni</p> <p>ROME, Feb 5 (Reuters) - The International Monetary Fund said on Tuesday that <a href="http://www.globalpost.com/internal/section-config/italy">Italy</a>'s central bank did a good job in its oversight of crisis-hit Monte dei Paschi di Siena, in a boost for ECB chief Mario Draghi, who led the Bank of Italy as Monte Paschi ran into trouble.</p> <p>An IMF team was in Italy until last week to conduct the first part of an assessment of Italy's financial system and Monte Paschi was among the issues it discussed with the BoI.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130205/update-2-imf-says-bank-italy-was-vigilant-monte-paschi" target="_blank">read more</a></p> Antonveneta Business Economics Monte dei Paschi di Siena Monte Paschi Thomson Reuters Tue, 05 Feb 2013 19:15:15 +0000 Thomson Reuters 5746770 at http://www.globalpost.com Monte Paschi struck secret deal over Antonveneta -police http://www.globalpost.com/dispatch/news/thomson-reuters/130208/monte-paschi-struck-secret-deal-over-antonveneta-police <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Silvia Aloisi, Stefano Bernabei and Silvia Ognibene</p> <p>SIENA, Italy, Feb 8 (Reuters) - Monte dei Paschi struck a last-minute, secret deal with Bank of New York that allowed the Italian bank to mislead authorities and smoothed through its acquisition of rival Antonveneta, according to a report by the financial police in Italy.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130208/monte-paschi-struck-secret-deal-over-antonveneta-police" target="_blank">read more</a></p> Antonveneta Bank Business Monte dei Paschi di Siena Thomson Reuters Fri, 08 Feb 2013 23:00:35 +0000 Thomson Reuters 5750653 at http://www.globalpost.com UPDATE 2-Monte Paschi former finance chief held in Italy http://www.globalpost.com/dispatch/news/thomson-reuters/130214/update-1-monte-paschi-former-finance-chief-held-italy <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Silvia Ognibene Manuela D'Alessandro</p> <p>SIENA/MILAN, Feb 14 (Reuters) - Italian police arrested on Thursday the former head of Monte dei Paschi's finance department, who is at the centre of a probe into alleged fraud and bribery at Italy's third largest bank, prosecutors said.</p> <p>Gianluca Baldassarri is the first person to be arrested in a widening scandal that has rocked the world's oldest bank and triggered a financial and political storm ahead of Feb 24-25 national elections.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130214/update-1-monte-paschi-former-finance-chief-held-italy" target="_blank">read more</a></p> Antonveneta Bank Economic history Monte dei Paschi di Siena Thomson Reuters Thu, 14 Feb 2013 11:01:06 +0000 Thomson Reuters 5755338 at http://www.globalpost.com UPDATE 1-Italian prosecutors open new Monte Paschi investigation http://www.globalpost.com/dispatch/news/thomson-reuters/130305/update-1-italian-prosecutors-open-new-monte-paschi-investigatio <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Probe triggered by leaks to the press after board meeting</p> <p>* More funds seized from former finance chief and others (Adds police confirmation, more funds seized)</p> <p>SIENA, Italy, March 5 (Reuters) - Italian financial police have searched premises connected with Monte dei Paschi di Siena bank as part of a new investigation into suspected insider trading, police said on Tuesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130305/update-1-italian-prosecutors-open-new-monte-paschi-investigatio" target="_blank">read more</a></p> Antonveneta Bank Monte dei Paschi di Siena Thomson Reuters Tue, 05 Mar 2013 14:30:30 +0000 Thomson Reuters 5773891 at http://www.globalpost.com Monte Paschi's spokesman found dead - judicial source http://www.globalpost.com/dispatch/news/thomson-reuters/130306/monte-paschis-spokesman-found-dead-judicial-source <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>FLORENCE, March 6 (Reuters) - The spokesman of Monte Paschi di Siena, the Italian bank at the center of an investigation into alleged corruption and fraud, was found dead at the bank's Siena headquarters, a judicial source told Reuters on Wednesday.</p> <p>David Rossi was the head of the bank's communications unit.</p> <p>A witness told Reuters his body, which had been covered with a sheet, lay beneath an open window overlooking a courtyard outside the building, a restored 14th century fortress.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130306/monte-paschis-spokesman-found-dead-judicial-source" target="_blank">read more</a></p> Antonveneta Thomson Reuters Wed, 06 Mar 2013 22:45:31 +0000 Thomson Reuters 5775531 at http://www.globalpost.com UPDATE 3-Police investigate death of Monte Paschi spokesman http://www.globalpost.com/dispatch/news/thomson-reuters/130306/update-1-monte-paschis-spokesman-found-dead-sources <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Bank spokesman found dead late on Wednesday</p> <p>* Body found beneath open window of bank headquarters</p> <p>* Prosecutors said investigating possible suicide</p> <p>By Silvia Ognibene</p> <p>SIENA, Italy, March 7 (Reuters) - Prosecutors began investigating the apparent suicide of the spokesman of Monte Paschi di Siena, the Italian bank subject to a corruption probe, and a judicial source said an autopsy would be done to dispel any doubt about how he died.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130306/update-1-monte-paschis-spokesman-found-dead-sources" target="_blank">read more</a></p> Antonveneta Business Finance Human Interest Monte dei Paschi di Siena Siena Thomson Reuters Thu, 07 Mar 2013 01:00:46 +0000 Thomson Reuters 5775597 at http://www.globalpost.com