When chairman of the world's oldest bank, Monte dei Paschi di Siena (MPS), he allegedly approved dubious derivatives deals that were hidden from the regulators.
In Italy the government has just changed the law to permit mutual banks to convert to joint-stock companies and merge or be taken over.Rumours swirl as to which bank will acquire Monte dei Paschi di Siena (MPS), the third-largest Italian lender, and smaller Banca Carige, both of which need capital.
The current set-to concerns the world's oldest bank: Monte dei Paschi di Siena (MPS), founded in 1472, and now controlled by a local-government foundation.The Sienese blame Giuliano Amato, now prime minister, for the row.
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 most obvious takeover candidates are Capitalia, a Rome-based bank, Monte dei Paschi di Siena (MPS) and Mediobanca, a Milan-based investment bank.
Employees and shareholders at Banca Monte dei Paschi di Siena (MPS), the club's sponsor, have even deeper concerns for their ancient institution, founded 540 years ago.MPS and Siena are intertwined.
Of the 25 institutions that failed its stress tests, nine were Italian, including the worst performer, Monte dei Paschi di Siena (MPS).
Pier Carlo Padoan, Italy's finance minister, has denied suggestions that the government engineered the decree in order to save Monte dei Paschi di Siena (MPS), a troubled Tuscan bank which failed the ECB's stress tests last autumn.
Results: Atalanta 0 1 Reggina, Cagliari 2 0 Napoli, Catania 2 0 Sampdoria, Genoa 0 1 Lazio, Juventus 1 1 Internazionale, Milan 5 1 Torino, Palermo 4 1 Bologna, Roma 3 2 Lecce, Siena 0 2 Chievo, Udinese 3 1 Fiorentina.
Classic Tuscan views of vines and, more importantly, the award-winning wine produced on the estate, will keep the adults happy, not to mention the location between the idyllic cities of Siena, Arezzo and Cortona.
