Post Profile

The World's Oldest Bank Admits To Losing Billions In Deposits After Scandals

Banca Monte dei Paschi di Siena (MPS), Italy’s third-largest bank and the world’s oldest, has admitted in a statement posted quietly on its website that its customer deposits have fallen by a “few billion euros.” That was after a series of scandals rocked the more than 600-year-old institution, which included a €730 million derivatives loss it racked up from 2006 to 2009.
read more

See more about: Banca Monte

Related Posts

Bank Of Italy Throws The Book At Monte Paschi For Hiding Derviative Documents

Business & Finance : Zero Hedge

As we reported previously, the stock of the oldest bank in the world, Italy's venerable Banca Monte Dei Paschi of Siena, was halted in early trade after plunging on news that the bank had engaged in not only the previously reported ...

Italian Scandal Widens As Italy's Third Largest Bank Set To Get Third Bailout In 3 Years; Draghi, Monti Implicated

Business & Finance : Zero Hedge

While little has been said in the mainstream western press about the ongoing fiasco surrounding Siena's Banca Monte dei Pasci, Italy's third largest bank and the world's oldest which may get its third bailout in three years, for fea...

Bailout Of World's Oldest Bank In Jeopardy, Rests On Hope That "Ship Does Not Sink"

Business & Finance : Zero Hedge

The ongoing debacle of Italy's Banca Monte dei Paschi (BMPS) took a turn for the worst today. The bank's largest shareholders (MPS Foundation) approved (read - forced through) a delay in a EUR 3 billion capital raise, which the bank...

A mountain of risk

Business & Finance : Schumpeter

CONFUSED, shocked and furious. These three words pretty much sum up how shareholders of the Banca Monte dei Paschi di Siena (MPS), Italy's third largest bank and the world's oldest, felt when they gathered on January 25th. The meeti...

Monte Paschi Working On 'substantial' Capital Increase: Source

Business & Finance : Business Insider: Clusterstock

By Pamela Barbaglia LONDON (Reuters) - Banca Monte dei Paschi di Siena, the oldest surviving bank in the world, is working on a rights issue to fill at least half of a 2.1 billion euro ($2.6 billion) capital gap uncovered by a Europ...


Copyright © 2016 Regator, LLC