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Added on the 12/09/2016 18:39:29 - 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.
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.
Manila, Oct 7 (EFE/EPA).- Philippine Vice President Leni Robredo, one of the most critical voices against President Rodrigo Duterte’s policies, confirmed Thursday her candidacy for next year's general elections."I am firm in my resolution, we have to free ourselves from the current situation. I will fight. We will fight. I offer myself as a candidate for president in the 2022 elections," Robredo said in a television address before formalizing her candidacy.The vice president, perceived as the only real opposition to Duterte, said it is time to leave behind "the old and rotten policies" that do not allow Filipinos to cause change. (Camera: FRANCIS MALASIG).SHOT LIST: PHILIPPINES VICE PRESIDENT LENI ROBREDO GREETS HER SUPPORTERS DURING A MOTORCADE IN MANILA, PHILIPPINES .
As lame duck President Donald Trump purges his administration, the Pentagon's top intelligence official has resigned in protest. According to Business Insider, Joseph Kernan, Under Secretary of Defense for Intelligence and Security, walked off the job on Tuesday. The Pentagon says Kernan's departure had been planned for months, but it notably comes the same day two other Department of Defense officials resigned. Kernan's announcement came one day after Trump fired Secretary of Defense Mark Esper by tweet, saying Esper had been 'terminated.' It also comes amid the resignation of the chief of staff to the Secretary of Defense Jen Stewart and acting Under Secretary of Defense for Policy James Anderson. Writing in a statement that 'it appears that chaos has now reached the Pentagon,' Rep. Adam Schiff (D-CA) was just one of many lawmakers sounding the alarm.