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Added on the 09/09/2016 16:50:52 - Copyright : Reuters EN
Italy's Monte dei Paschi di Siena appoints Marco Morelli as its new chief executive, handing the 54-year-old banker the job of convincing investors to back a third cash call for the ailing bank in as many years. David Pollard reports.
The ECB has reportedly given a preliminary nod to the possible appointment of Marco Morelli, head of Bank of America Merrill Lynch in Italy, as chief executive of ailing lender Monte dei Paschi di Siena. As Hayley Platt reports, if confirmed, he'll have a tough job implementing an emergency rescue plan to avert the risk of being wound down.
Italian bank Monte dei Paschi is preparing to unveil a plan to address regulatory concerns over its financial stability. It's looking for ways to strengthen its balance sheet ahead of European banking stress test results, as Kirsty Basset reports.
Italy's third-largest bank, Monte dei Paschi di Siena, will write down bad loans, lay off a tenth of its staff and raise 5 billion euros ($5.4 billion) in an overhaul that could shape the fortunes of the country's wider banking sector. Hayley Platt reports.
Everything is ready for a new edition of the highly anticipated Rolex Monte-Carlo Masters, where Maserati will be the main sponsor and official car of the tournament for the third year running.From 6 to 14 April, the most prestigious clay courts in the world – in the evocative setting of the Principality of Monaco – will attract the stars of international tennis; they are committed to putting on a unique show and to animating the most engaging competition, between true champions in the rankings.Maserati, which has always been synonymous with refined sportiness, contemporary elegance in the best Italian style and high-level performance, has chosen to join the team again this year. It will be winning over the public off-court, with two cars on display inside the Monaco Country Club and a fleet of Maseratis – Grecale, Levante, Ghibli and Quattroporte – available to support the champions’ movements between one match and another and those of the Trident's guests who are intent on enjoying the tournament. The latter will also be offered test drives at the wheel of the MC20, MC20 Cielo, GranTurismo and Grecale, to immerse themselves in a glamorous experience in the name of one of the most exclusive sports.The Rolex Monte-Carlo Masters will be the ideal stage to convey that sense of freedom and joie de vivre fully epitomised by cars such as the eye-catching Maserati MC20 Cielo and the latest arrival from the House of the Trident, the very comfortable Maserati GranCabrio Trofeo convertible. A winning pair of cars with sublime performance, designed to savour all the best sensations that open-air driving can offer, with the wind in your hair.
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