Reuters logo
8 months ago
Monte dei Paschi managers met banks, Italy econ minister- Trsy source
December 9, 2016 / 1:29 PM / 8 months ago

Monte dei Paschi managers met banks, Italy econ minister- Trsy source

ROME, Dec 9 (Reuters) - Banca Monte dei Paschi di Siena's top management met Italy's economy minister and representatives from investment banks JPMorgan and Mediobanca in Rome on Friday, a Treasury source said.

The struggling bank asked the European Central Bank for an extension to a capital-raising plan, but a source told Reuters on Friday that the central bank rejected the request.

That increases pressure on the government to intervene to save Monte Paschi, Italy's third-biggest bank, from being wound down. JPMorgan and Mediobanca must decide whether to back the cash call.

Reporting by Giuseppe Fonte, writing by Isla Binnie, editing by Steve Scherer

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below