Monte dei Paschi di Siena (MPS) News

Billionaire Generali Investor Weighs Candidates to Challenge CEO Donnet

One of Generali’s biggest investors is considering challenging the reappointment of longstanding CEO Philippe Donnet in May and is weighing potential alternative candidates to lead Italy’s biggest insurer, four sources close to the matter said. Three years ago Francesco Gaetano …

AXA Sells Stake in Monte dei Paschi After Providing Cash Call Support

AXA said on Monday it was selling virtually all of the 8% stake in Monte dei Paschi di Siena acquired when it invested into a make-or-break new share issue at the state-owned Italian bank. AXA paid 200 million euros in …

AXA Increases Presence in Italy

AXA SA, France’s largest insurer, said Friday it agreed to buy half of Banca Monte dei Paschi di Siena SpA’s insurance and pensions unit for €1.15 billion ($1.54 billion) in cash. The transaction will be funded with existing cash resources, …