Obbligazioni MPS

direi che il comparto sub mps è trascurato dal mercato alla pari dei senior. Oggi sulla sub 10,5% si sono presentati due bid uno a 96 ed è stato servito, uno a 95 ma è stato ineseguito. Intanto presto dovranno decidere il da farsi sulla prima che va a call.
con l'esuberanza di esuberi da sponsorizzare non penso possano callare
 
malgrado la giornata non proprio positiva, l'azione si difende benino
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2 minute readDecember 16, 20227:31 PM GMT+1Last Updated 3 days ago

Italy prosecutors seek trial for ex-MPS top execs in bad loan probe

Reuters

People are seen inside a Monte dei Paschi di Siena bank in Rome, Italy August 16, 2018. REUTERS/Max Rossi

MILAN, Dec 16 (Reuters) - Prosecutors in Milan have requested that four people being investigated in a probe over the classing of impaired loans at Monte dei Paschi di Siena (BMPS.MI) be sent to trial, the prosecutors' office said in a statement on Friday.

A copy of the investigation's file seen by Reuters showed those under investigation include current Leonardo Chief Executive Alessandro Profumo and the current Chairman of Banco BPM Massimo Tononi.

Both Profumo and Tononi in the past chaired Monte dei Paschi's board of directors.

The prosecutors in the statement said they were not requesting a trial for Monte dei Paschi. This is expected to lead to charges against the Tuscan bank being dropped.

Prosecutors have been looking into allegations of false accounting and market manipulation in relation to the classing of loans as impaired at Monte dei Paschi up to 2017.

Lawyers for Profumo, Tononi and the other two people did not immediately reply to a request for comment from Reuters.

Profumo in a statement said he had always acted "in full compliance with the changing regulatory landscape and always in a useful cooperation with supervisory authorities."

A judge will decide on the request for trial at a hearing in the near future. Normally such requests lead to a trial.

reporting by Emilio Parodi, writing by Valentina Za, editing by Gavin Jones
 
PDATE 1-Italy to cap Monte dei Paschi CEO's annual pay at 240,000 euros
21/12/2022 20:23 - RSF
(Adds CEO's current pay, comparison)
MILAN, Dec 21 (Reuters) - Italy is preparing to cap at 240,000 euros ($254,496) the yearly pay of top executives hired from 2023 in banks rescued by the state, a move that has bearings for the reappointment of Monte dei Paschi's (MPS) (BMPS.MI) chief executive.

Rome owns 64% of the Tuscan bank after rescuing it in 2017.

A Chamber of Deputies committee passed the measure early on Wednesday as part of last-minute changes to the 2023 budget.

After failing to clinch a sale of Monte dei Paschi to UniCredit last year, the Treasury in February hired veteran banker Luigi Lovaglio to lead the Siena-based lender.

Lovaglio, a well-respected executive who built his career at UniCredit to eventually head the group's Polish arm, in November pulled off a 2.5 billion euro capital raise in stormy markets.

Lovaglio personally invested 200,000 euros in Monte dei Paschi's new share issue, which risked failing given investors' reluctance to put money into a bank tainted by scandals on the backdrop of Ukraine's war, rampant inflation and an expected recession in Europe.

He runs for reappointment in April when Monte dei Paschi's current board expires.

As a bailed out bank, Monte dei Paschi already applies curbs to executives' pay and Lovaglio's fixed pay amounts to 466,000 euros a year with no variable compensation.

As a comparison the head of another mid-sized Italian bank, Banco BPM , last year earned 2.3 million euros.

Under terms Italy agreed with European Union authorities, MPS executives cannot earn more than 10 times the average employee salary.

($1 = 0.9430 euro)
(Reporting by Valentina Za in Milan and Giuseppe Fonte in Rome; Editing by Louise Heavens and Jonathan Oatis)
(([email protected]; +39 02 6612 9526;))
 

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