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Added on the 25/10/2016 14:09:24 - 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.
The EU calls on Italy and Malta to reach a "swift resolution" to allow a boat carrying hundreds of migrants to dock. SOUNDBITE
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.
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.
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