Monte grabs funding amid growing chances of a merger

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By Tyler Davies
01 Dec 2020

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 ...

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