Monte grabs funding amid growing chances of a merger

Banca Monte dei Paschi di Siena found plenty of demand for a new senior bond in the euro market on Tuesday, aided by growing speculation about the possibility of a merger with UniCredit.
Jean Pierre Mustier said on Monday evening that he would be stepping down as CEO of UniCredit next year, making reference to a disagreement with the board over the bank’s strategy.
Market participants interpreted the news as a signal that UniCredit may be moving towards a ...Already a subscriber? Login