Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  Banca Monte dei Paschi di Siena SpA    BMPS   IT0005218752

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Banca Monte dei Paschi di Siena : Judge rejects request to shelve case against former Monte dei Paschi executives - sources

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/21/2017 | 06:51pm CET
The main entrance of the Monte dei Paschi bank headquarters is seen in Siena

A Milan judge has rejected a request to shelve a case against former top executives at Monte dei Paschi di Siena (>> Banca Monte dei Paschi di Siena SpA) as part of an investigation for alleged market rigging and false accounting, judicial sources said on Friday.

A Milan judge has rejected a request to shelve a case against former top executives at Monte dei Paschi di Siena (>> Banca Monte dei Paschi di Siena SpA) as part of an investigation for alleged market rigging and false accounting, judicial sources said on Friday.

The investigation started in Florence in 2015 following complaints filed by small shareholders and consumer associations.

Prosecutors in Milan, where the case was transferred in July because of jurisdiction over market manipulation crimes, in September asked for the case against Monte dei Paschi's former Chairman Alessandro Profumo and Chief Executive Fabrizio Viola to be shelved.

However, consumer association Codacons opposed the request.

On Friday, a Milan judge told prosecutors to present a request that Viola and Profumo be sent to trial, two judicial sources told Reuters. A different judge will then have to rule over that request.

A lawyer for both Viola and Profumo said he could not comment as the judge's decision had not been notified yet.

Profumo denied any wrongdoing and said he had full confidence in the justice system.

The former chairman of Monte dei Paschi has been designated as the new CEO of state-owned defence firm Leonardo-Finmeccanica (>> Leonardo SpA) while Viola is CEO of Popolare di Vicenza, an ailing bank which has requested a state bailout.

The case revolves around the way Monte dei Paschi booked two derivative trades in its accounts between 2011 and 2014.

(Reporting by Manuela D'Alessandro, writing by Valentina Za, Editing by Crispian Balmer and Susan Fenton)

Stocks treated in this article : Leonardo SpA, Banca Monte dei Paschi di Siena SpA
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANCA MONTE DEI PASCHI DI
01/18 ECB's Nouy 'inflexible' in meeting with Italian banks - sources
01/16 BANCA MONTE DEI PASCHI DI SIENA : The electoral fate of Italy’s banks
01/15 BANCA MONTE DEI PASCHI DI SIENA : MPS's Rossi widow, journalist acquitted
01/15 Intesa's sale of bad loan unit could encourage other Italian banks - sources
01/10 Bond sell-off hits European shares but boost banks
2017 BANCA MONTE DEI PASCHI DI SIENA : Italy's Monte dei Paschi names new chairwoman ..
2017 BANCA MONTE DEI PASCHI DI SIENA : Court acquits three former Monte dei Paschi ma..
2017 BANCA MONTE DEI PASCHI DI SIENA : ++ Former MPS bosses acquitted over Alexandria..
2017 BANCA MONTE DEI PASCHI DI SIENA : Former MPS bosses acquitted over Alexandria (2..
2017 Italy's bad loan scheme poised to deliver after long gestation
More news
News from SeekingAlpha
2017 Bubbles, Baubles & Black Swans
2017 WALL STREET BREAKFAST : Frenzy Builds Over Taxes, Fed Chair
2017 Monte dei Paschi shares to resume trading
2017 doBank, The Largest Italian NPL Servicer, Surges After Its IPO
2017 MONTE DEI PASCHI : Another One Bites The Dust
Financials (€)
Sales 2017 3 969 M
EBIT 2017 1 365 M
Net income 2017 -3 103 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 5,59
Capi. / Sales 2017 1,12x
Capi. / Sales 2018 1,21x
Capitalization 4 447 M
Chart BANCA MONTE DEI PASCHI DI
Duration : Period :
Banca Monte dei Paschi di  Technical Analysis Chart | BMPS | IT0005218752 | 4-Traders
Technical analysis trends BANCA MONTE DEI PASCHI DI
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 4,29 €
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Marco Morelli Chief Executive Officer, Director & GM
Alessandro Falciai Chairman
Enrico Grazzini Chief Operating Officer
Francesco Renato Mele Chief Financial Officer
Béatrice Marie Derouvroy Bernard Non-Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BANCA MONTE DEI PASCHI DI SIENA SPA-0.36%5 452
JP MORGAN CHASE & COMPANY5.66%392 981
INDUSTRIAL AND COMMERCIAL BANK OF CHINA15.00%380 803
BANK OF AMERICA5.62%328 356
WELLS FARGO5.29%315 137
CHINA CONSTRUCTION BANK CORPORATION9.24%289 608