UPDATE 3-Closure of 'Alexandria' trade would cost Monte Paschi 1 billion euros

April 16, 2015 8:08 PM

68 0

* Bank's shareholders approve 3 bln euro capital increase (Adds details from statement)

SIENA, April 16 (Reuters) - The European Central Bank (ECB) has told Monte dei Paschi di Siena to close a derivative trade with Nomura by late July, a move the Italian lender said would generate a pre-tax loss of 1 billion euros ($1.1 billion) but have almost no impact on its core capital.

Read more

To category page