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Monte Paschi set to postpone release of first-half results pending state bailout - sources

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Monte Paschi set to postpone release of first-half results pending state bailout - sources

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MILAN (Reuters) – Italy’s fourth biggest bank Monte dei Paschi di Siena <BMPS.MI> will delay the release of first-half results, originally scheduled for July 28, as it awaits a state bailout, two sources close to the matter said on Tuesday. The recapitalisation with 5.4 billion euros of public money – part of a plan to plug an 8.1 billion euro capital gap – is expected to take place in early August, the sources said.

(Reporting by Giuseppe Fonte, writing by Silvia Aloisi)
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