Mercoledì, 17 Ottobre 2018

MPS under pressure amid M5S-League plan to change mission


Rome, May 18 - Monte dei Paschi di Siena (MPS) stock
came under renewed pressure on Friday after the 5-Star Movement
(M5S)/League government contract talked about changing the
mission of the bank.
Furthermorem the economic pointman of the righwing populist
League, Claudio Borghi, said that the lender CEO's should change
and it should remain public after a government bailout last
MPS's share price dropped 4.28% to 2.79 euros in early
trading on Friday after shedding 8.8% on Thursday.
Borghi told La Stampa that he did not regret his comments in
an interview published Friday adding that the idea is to
nationalize MPS and change its governance.
Outgoing Economy Minister Pier Carlo Padoan said Borghi's
words on MPS were "serious" and savings were at risk.
He said the government contract had caused a crisis of
confidence and public money had been jeopardised.

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