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Added on the 14/09/2016 20:04:19 - Copyright : Reuters EN
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.
Fabrizio Viola is to step down as CEO of Monte dei Paschi ahead of a 5 billion euro cash call. Will it be enough to persuade investors they should back efforts to save Italy's third-largest bank from being wound down? Ivor Bennett reports.
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.
The founder of the wildly successful online shoe company Zappos has died. He was just 46 years old. According to Business Insider, Tony Hsieh died from injuries related to a house fire in Connecticut, where he was visiting. According to Business Insider, Hsieh was described as a visionary by many, including Amazon, which bought Zappos in 2009. Former business partner and Zappos executive Alfred Lin remembered Hsieh as a 'gentle soul.' We'll remember Tony for that and the happiness he brought to so many people. Alfred Lin Former Zappos executive
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