BMPS Reuters reports that Bmps’s board will meeting today to discuss the ECB requests (on capital strength, NPL’s etc).
Market regulator Consob has extended the short-selling ban on Monte Paschi’s shares for three months until 5 October.
Corriere reports a rescue plan for the bank in two / three steps:1) Bmps could be by bought by another bank (perhaps UBI or by a new Atalnte Fund , 2) BMPS capital increase and 3) sale of NPL’s.
VENETO BANCA / POP VICENZA Corriere reports that four US private equity funds are looking to buy from Atlante , Veneto Banca and Pop Vicenza. The four funds are Atlas Merchant Capital, Warburg Pincus, Centerbridge and Baupost.
INTESASANPAOLO Reuters reports that Intesasanpaolo Chairman Mr Gros Pietro said he does not see any big capital shortfall at Italian Banks apart from Monte dei Paschi and is not interested in M&A in Italy.
CREDITO VALTELLINESE Consob bans short selling of Credito Valtellinese for July 7