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Italian bank Monte dei Paschi ponders possible tie-ups

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By Reuters
Italian bank Monte dei Paschi ponders possible tie-ups
FILE PHOTO: People are seen inside a Monte dei Paschi di Siena bank in Rome, Italy August 16, 2018. REUTERS/Max Rossi   -   Copyright  MAX ROSSI(Reuters)
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SIENA, Italy (Reuters) – State-controlled Italian lender Monte dei Paschi di Siena always keeps in mind the potential for tie-ups with other banks, Chief Executive Marco Morelli said on Thursday.

Speaking at the bank’s annual shareholder meeting, he said: “The board considers strategic opportunities, analysing possible tie-ups or changes in size which are then up to the shareholders to decide.”

(Reporting by Stefano Bernebei; Editing by Mark Bendeich)

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