Skip navigation

Monte Paschi puts up $3.6 billion collateral for derivative trades

MILAN (Reuters) - Monte dei Paschi <BMPS.MI> had to put up more than 2.8 billion euros ($3.65 billion) by way of collateral for two loss-making derivatives trades at the center of an investigation of alleged fraud at Italy's third-biggest lender.Full story

Monte Paschi says lost billions in deposits after February scandal

MILAN (Reuters) - Customers' deposits at Italian bank Monte dei Paschi fell by "a few billion euros" after a scandal erupted in February over loss-making derivatives trades at the lender, the bank said in a document posted on its web site on Saturday. Full story

Monte Paschi top shareholder says sell 0.77 percent stake

MILAN (Reuters) - The top shareholder in Monte dei Paschi di Siena <BMPS.MI>, Italy's third biggest lender, said on Monday it had sold a 0.77 percent stake in the bank to boost its own liquidity. Full story

Sponsored Links

Articles

Special Report: Downfall of the world's oldest bank

Monte Paschi wants damages from former executives, banks

Monte Paschi says receives state bailout

Monte Paschi shares gain after state aid hurdle cleared

Monte Paschi's former finance chief held in Italy

Insight - Monte Paschi hiked Antonveneta bid to see off BNP

Bank of Italy seeks more powers in wake of Monte Paschi troubles

Bank of Italy head calls for power to remove executives

Top Monte Paschi investor piled on debt under Treasury's eye

Monte Paschi ex-managers under investigation over bribery, fraud

Related Photos

File photo of the main entrance of the Monte dei Paschi bank headquarters in Siena
File photo of the main entrance of the Monte dei Paschi bank headquarters in Siena

The main entrance of the Monte dei Paschi bank headquarters is seen in Siena in this March 13, 2012 file picture. To match Special Report ITALY-MPS/ REUTERS/Max Rossi/Files (ITALY - Tags: BUSINESS)

File photo of the Monte Dei Paschi bank headquarters in Siena
File photo of the Monte Dei Paschi bank headquarters in Siena

A general view of the Monte dei Paschi bank headquarters in Siena is seen in this January 25, 2013 file photo. European Central Bank President 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 crit

File photo showing Banca Monte dei Paschi di Siena's Chairman Alessandro Profumo listening to a question during a news conference at the company's headquarters in Siena
File photo showing Banca Monte dei Paschi di Siena's Chairman Alessandro Profumo listening to a question during a news conference at the company's headquarters in Siena

Banca Monte dei Paschi di Siena's Chairman Alessandro Profumo listens to a question during a news conference at the company's headquarters in Siena in this May 10, 2012 file photo. Alessandro Profumo went to Monte dei Paschi to stage a financial turnaround; now one of Italy's most renowned bankers m

File photo of Monte dei Paschi bank chairman Profumo poses for a picture during a Reuters interview in Siena
File photo of Monte dei Paschi bank chairman Profumo poses for a picture during a Reuters interview in Siena

Monte dei Paschi bank chairman Alessandro Profumo poses for a picture during a Reuters interview in Siena in this June 27, 2012 file photo. Alessandro Profumo went to Monte dei Paschi to stage a financial turnaround; now one of Italy's most renowned bankers must also drag the 540-year-old institutio

People arrive at Banca Monte dei Paschi in Siena
People arrive at Banca Monte dei Paschi in Siena

People arrive at Banca Monte dei Paschi in Siena, January 25, 2013. REUTERS/Stefano Rellandini

Five-Star Movement activist and comedian Beppe Grillo talks to the media before the shareholders meeting at Banca Monte dei Paschi in Siena
Five-Star Movement activist and comedian Beppe Grillo talks to the media before the shareholders meeting at Banca Monte dei Paschi in Siena

Five-Star Movement activist and comedian Beppe Grillo talks to the media before the shareholders meeting at Banca Monte dei Paschi in Siena, January 25, 2013. REUTERS/Stefano Rellandini