BREAKING NEWS
This content is not available in your region

Italian bank Monte dei Paschi ponders possible tie-ups

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)
Text size Aa Aa

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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.