Monte dei Paschi

Credibility meets compromise in Europe's bank stress test

When Europe announced its latest health check of top banks early last year it promised a "comprehensive assessment" of how well prepared they were to withstand another financial crisis.

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EU switches burden of bank bailouts from taxpayers

The European Union had switched the burden to aid troubled banks from taxpayers to shareholders, big depositors and bondholders, said a Reuters report.

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Monte dei Paschi to get capital hike

An agreement was made between EU Commission and bank officials for a capital hike for the world's oldest bank.

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Italian prosecutors investigate JPMorgan for employee's acts

A document seen by Reuters showed that Italian prosecutors are investigating JPMorgan in relation to their probe of Monte dei Paschi.

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Monte dei Paschi gears to attract new investors

In an attempt to lure investors, Monte dei Paschi removed the bylaw stating that other investors will own no more than 4% of total shares

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