Monte Paschi CEO: Size, structure of the bank’s financial portfolio isn’t adequate for a commercial bank

  • Most of bank’s government bond portfolio covered by Interest rate swaps, which was hit by the euribor fall
  • Repo deals under review we probably made to conceal losses, also linked to other operations and spread losses over time
  • Believes 3 structured trades under review had nothing to do with Antonveneto
  • No evidence of any possible bribe linked to the Antonveneto deal
  • Request of Euro 3.9 bln is state aid won’t be raised in the light of recent events

Reuters reporting

Best in 2026

Sponsored

General Risk Warning
investingLive Premium
Telegram Community
Gain Access