Post Profile

Reek of Desperation Surrounds EU Banks As Regulators Prepare for "Derivatives Clearing Crisis"

In Italy, JP Morgan Chase's master plan to save Monte dei Paschi continues to flounder as investors show zero appetite for more MPS capital. In fact, expectations are so low that rumors have already began surfacing that an alternative plan, under the aegis of Italy's former Industry Minister and senior banker Corrado Passera, is now in the works. It all reeks of desperation.
read more


Related Posts

Monte Paschi Rescue On The Rocks: Regulators Now "Expect Bank To Ask Italy For Bailout"

Business & Finance : Zero Hedge

Ever since two months ago, when Italy's third largest bank - and the world's oldest - Sienna's Monte dei Paschi, failed Europe's latest stress test, it had scrambled, and assured markets, that it would obtain a private sector cash i...

Italian bank rushes against time

Business & Finance : Business Report

Italy's Banca Monte dei Paschi di Siena is rushing against time to win state backing for a 1 billion euro bond issue that would plug a capital shortfall by the end of June, as required by EU regulators. ||| Italy's Banca Monte dei P...

Italy's Third Biggest Bank Is Expected To Reveal The Details Of 3 Bad Derivatives Trades That Cost Nearly $1 Billion

Business & Finance : Business Insider: Clusterstock

SIENA, Italy (Reuters) - Monte dei Paschi was expected to raise its estimate for the loss on derivatives trades that recently came to light and are now at the center of an investigation against former executives at Italy's third-big...

Monte Paschi, Carige To Present Recovery Plans Soon: Bank Of Italy

Business & Finance : Business Insider: Money Game

ROME (Reuters) - Italy's Monte dei Paschi and Carige, the two banks that fared worst in the ECB's recent stress tests, will soon unveil plans aimed at strengthening their capital bases, and the Bank of Italy will oversee those plans...

Italy’s Monte dei Paschi di Siena cuts losses

Business & Finance : Business Report

Italy's troubled Monte dei Paschi di Siena (MPS) bank said it had cut its losses by more than 67 per cent year-on-year for the first nine months of 2013. ||| Rome - Italy's troubled Monte dei Paschi di Siena (MPS) bank said Thursday...


Copyright © 2016 Regator, LLC