https://feeds.thelocal.com/ Read the latest news and views from Italy in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed The fraud trial of two former executives of Italy's troubled lender Banca Monte dei Paschi di Siena (BMPS) opened on Tuesday in Milan. https://www.thelocal.it/20180718/fraud-trial-of-two-italian-ex-banking-chiefs-bmps-begins Wed, 18 Jul 2018 10:32:23 +0200 fraud-trial-of-two-italian-ex-banking-chiefs-bmps-begins Two former executives of Italy's troubled lender Banca Monte dei Paschi di Siena (BMPS) were ordered on Friday to stand trial on fraud charges. https://www.thelocal.it/20180427/former-bmps-bosses-trial-fraud Fri, 27 Apr 2018 19:20:00 +0200 former-bmps-bosses-trial-fraud Italy's troubled bank Monte dei Paschi di Siena (BMPS) said on Wednesday that it would close nearly a third of its branches and axe around a fifth of its workforce just a day after the EU approved a 5.4-billion-euro ($6.1 billion) bailout. https://www.thelocal.it/20170705/one-day-after-bailout-italys-bmps-monte-paschi-siena-bank-will-cut-a-fifth-5000-jobs Wed, 05 Jul 2017 13:32:38 +0200 one-day-after-bailout-italys-bmps-monte-paschi-siena-bank-will-cut-a-fifth-5000-jobs The EU competition commission has approved a 5.4 billion euro bailout of Italy's troubled Monte dei Paschi di Siena (BMPS), the world's oldest bank, as part of a major overhaul. https://www.thelocal.it/20170704/eu-approves-bailout-of-bmps-monte-paschi-siena-the-worlds-oldest-bank Tue, 04 Jul 2017 19:25:22 +0200 eu-approves-bailout-of-bmps-monte-paschi-siena-the-worlds-oldest-bank The EU anti-trust authority approved Italy's massive rescue of the country's troubled third-largest bank, Monte dei Paschi di Siena (BMPS), a statement said on Thursday. https://www.thelocal.it/20170601/eu-gives-go-ahead-to-italian-rescue-of-troubled-bmps-the-worlds-oldest-bank Thu, 01 Jun 2017 14:08:34 +0200 eu-gives-go-ahead-to-italian-rescue-of-troubled-bmps-the-worlds-oldest-bank Italy on Friday approved a state-funded rescue of the world's oldest bank, Monte dei Paschi di Siena (BMPS), in a bid to shore up the country's beleaguered financial system. https://www.thelocal.it/20161223/christmas-cheer-for-savers-italy-will-bail-out-bmps Fri, 23 Dec 2016 17:07:44 +0100 christmas-cheer-for-savers-italy-will-bail-out-bmps Troubled Italian lender Monte dei Paschi di Siena edged closer to a state bailout on Thursday as its last-ditch plan to raise billions of euros risked falling short. https://www.thelocal.it/20161223/bailout-looms-in-monte-dei-paschis-funding-scramble Fri, 23 Dec 2016 09:51:07 +0100 bailout-looms-in-monte-dei-paschis-funding-scramble Stock in Monte dei Paschi di Siena tumbled on Wednesday as investors feared that the troubled Italian bank's efforts to find billions of euros quickly are all but doomed. https://www.thelocal.it/20161221/bmps-stock-tumbles-as-finance-drive-stutters Wed, 21 Dec 2016 14:17:33 +0100 bmps-stock-tumbles-as-finance-drive-stutters Monte dei Paschi di Siena (BMPS) said on Friday it had received approval to allow small bondholders to participate in its last-ditch effort to raise fresh capital for Italy's third-largest bank. https://www.thelocal.it/20161216/bmps-eyes-small-savers-help-to-save-italys-oldest-bank Fri, 16 Dec 2016 12:02:06 +0100 bmps-eyes-small-savers-help-to-save-italys-oldest-bank Italy's third-largest bank, Monte dei Paschi di Siena (BMPS), said on Thursday it was launching a fresh bid to meet its target of raising 5 billion euros ($5.2 billion) in new capital by an end-December deadline. https://www.thelocal.it/20161215/italys-troubled-bmps-bank-launches-fresh-bid-to-meet-funds Thu, 15 Dec 2016 16:46:26 +0100 italys-troubled-bmps-bank-launches-fresh-bid-to-meet-funds Italy's banking problems can be solved and the EU will do everything to help, European Commission chief Jean-Claude Juncker said on Wednesday, dismissing fears of something akin to the euro crisis. https://www.thelocal.it/20161215/eu-italys-banking-problems-can-be-solved-we-will-help Thu, 15 Dec 2016 10:04:30 +0100 eu-italys-banking-problems-can-be-solved-we-will-help Italy's new prime minister sees EU relations with Russia being "defined" by unfolding events in Syria and a Donald Trump-led United States as his top ally on the global stage. https://www.thelocal.it/20161213/italy-pm-events-in-syria-will-define-eu-russia-relations Tue, 13 Dec 2016 15:53:21 +0100 italy-pm-events-in-syria-will-define-eu-russia-relations New Italian Prime Minister Paolo Gentiloni confirmed Tuesday that his government was prepared to come to the aid of the country's third largest bank if private rescue efforts fail. https://www.thelocal.it/20161213/italys-new-pm-ready-to-save-ailing-banks Tue, 13 Dec 2016 14:50:51 +0100 italys-new-pm-ready-to-save-ailing-banks Italy's biggest bank, UniCredit, announced plans on Tuesday to slash 14,000 jobs and raise billions of euros in fresh capital as fears of a banking and political crisis grip the country. https://www.thelocal.it/20161213/unicredit-slashes-jobs-eyes-13-bn-euros-in-fresh-capital Tue, 13 Dec 2016 10:35:34 +0100 unicredit-slashes-jobs-eyes-13-bn-euros-in-fresh-capital Italy's premier-designate Paolo Gentiloni raced to put together a cabinet team on Monday as the market welcomed the apparent rapid resolution of the country's political and banking crises. https://www.thelocal.it/20161212/italys-new-pm-gentiloni-races-to-form-new-cabinet Mon, 12 Dec 2016 15:29:38 +0100 italys-new-pm-gentiloni-races-to-form-new-cabinet Monte dei Paschi di Siena (BMPS), the oldest bank in the world, is at the heart of an Italian banking crisis which has cost it over 80 percent of its market capitalization in the past year. https://www.thelocal.it/20161212/heres-what-you-need-to-know-about-italys-banking-crisis Mon, 12 Dec 2016 15:08:53 +0100 heres-what-you-need-to-know-about-italys-banking-crisis Italy's troubled Monte dei Paschi di Siena (BMPS) bank on Sunday announced it would go ahead with plans to seek a private sector-led rescue, narrowly avoiding the need for a government bailout. https://www.thelocal.it/20161212/italys-troubled-bmps-bank-to-seek-private-sector-led-rescue Mon, 12 Dec 2016 09:42:42 +0100 italys-troubled-bmps-bank-to-seek-private-sector-led-rescue Italy's Monte dei Paschi di Siena saw its stock tumble more than 10 percent Friday over reports the ECB had denied it more time to raise the cash it needs to avoid being wound down. https://www.thelocal.it/20161209/ecb-denies-worlds-oldest-bank-more-time-to-raise-funds Fri, 09 Dec 2016 15:56:54 +0100 ecb-denies-worlds-oldest-bank-more-time-to-raise-funds The world's oldest bank, Italy's Monte dei Paschi di Siena (BMPS), asked the European Central Bank Wednesday for more time to raise the cash it needs to avoid being wound down. https://www.thelocal.it/20161208/worlds-oldest-bank-asks-ecb-for-extension Thu, 08 Dec 2016 10:25:24 +0100 worlds-oldest-bank-asks-ecb-for-extension Shareholders in Italian bank Monte Paschi di Siena (BMPS) approved on Thursday a rescue plan that will see up to five billion euros injected into the world's oldest bank still operating today. https://www.thelocal.it/20161125/rescue-plan-for-italys-ailing-bmps-bank-approved Fri, 25 Nov 2016 10:10:55 +0100 rescue-plan-for-italys-ailing-bmps-bank-approved