Domenica, 23 Settembre 2018

Tanking MPS stocks indicate market not convinced, Viola says


Milan, February 4 - Tanking stock prices at Italy's
troubled Monte dei Paschi di Siena (MPS) bank are an indicator
that the market is not convinced in the fundamentals of the
business plan, MPS CEO Fabrizio Viola said Monday.
Speaking to Italian Radio 24, Viola said the lender's
shares, which slid 3.9% in early trading Monday, signaled that
investors still doubted the "implicit fundamentals of MPS's
business plan".
Shares have been dropping steadily since earlier this month
when Italy's third-biggest lender disclosed losses of 720
million euros due to a series of shady derivative and
structured-finance deals, sparking multiple investigations.

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