Business · Markets · 1 hr ago

MPS to hold special board meeting on Intesa Sanpaolo as shares draw attention

MPS to hold special board meeting on Intesa Sanpaolo as shares draw attention

Banca Monte dei Paschi di Siena, known as MPS, is due to hold a special board meeting today.

The meeting is described as being against Intesa Sanpaolo, another bank.

MPS chief executive Luigi Lovaglio is linked to three possible options, but their details are not given.

Shares in MPS and Intesa Sanpaolo are in focus.

UniCredit and Banca Generali shares are also drawing attention.

The developments matter because they concern possible choices by MPS involving another bank.

No further details are given about the options or what will follow the meeting.

Sources

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