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A Banca Monte dei Paschi di Siena branch: the bank could struggle to recapitalise

Bankers were scrambling on Monday to secure a €5 billion recapitalisation of Monte dei Paschi di Siena (MPS), the world’s oldest lender, after prime m(...)

Monte dei Paschi: shares in the Italian bank  had already plunged by 83 per cent in 2016, before Italians took to the polls on Sunday.

Italian bank shares plunged on Monday as prime minister Matteo Renzi’s decision to resign after losing a crucial referendum cast doubt on lenders’ pl(...)

 UniCredit unveiled a turnaround plan under new chief executive Jean-Pierre Mustier on December 13th. Photograph: Alessia Pierdomenico/Bloomberg

UniCredit is set to agree the sale of asset manager Pioneer to France’s Amundi for more than €3 billion, boosting its capital as Italy’s largest bank (...)

Thousands of ordinary Italians hold a big chunk of the bank’s €5 billion in junior bonds.

Italy’s third-biggest lender, Monte dei Paschi di Siena, has received a last-minute rescue proposal by Swiss bank UBS, just hours before it is due to (...)

Germany’s DAX Index: rose 1.6 per cent on Wednesday while Italy’s benchmark FTSE MIB Index closed up 1.9 per cent, the most among major western-European markets. Photograph: Reuters/Stringer

European stocks climbed for the sixth time in seven days, led by a gain in commodity producers and a sharp rise in Société Générale shares after it(...)

The plan, to raise about €4 billion from listing a 40 per cent stake in Poste Italiane on the Milan stock exchange in October, is the main plank of prime minister Matteo Renzi’s stalled drive to sell off state assets. Photograph: Alberto Pizzoli

Italy will fire the starting gun on the flotation of its 153- year-old national post office in early August, kicking off a widely anticipated €12 bill(...)

With CRH’s acquisition of Holcim-Lafarge assets dependent on a merger, the Irish company’s shares increased 2.9 per cent to €24.98.

European stocks climbed to a record high amid better-than- estimated German industrial output, and oil rebounded from the biggest decline in two mont(...)

Espirito Santo plunged 11 per cent to 39.6 cents, its lowest price since June 2012. Photograph: Mario Proenca/Bloomberg

Markets went into retreat yesterday on renewed fears about Portugal’s Banco Espirito Santo and comments from Federal Reserve chairwoman Janet Yellen (...)

Telecom Italia is seen as a potential takeover target due to its prized Tim Participacoes mobile unit in Brazil. Photograph: Marc Hill/Bloomberg

Spanish telecoms group Telefonica has struck a deal which could eventually see it take control of Telecom Italia and its lucrative south American bus(...)

Ryanair closed at €6.54. Photograph: Alan Betson

After the big moves of Monday, markets experienced some pullback yesterday, especially in Europe where most national benchmarks slipped, albeit by ver(...)

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