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Grundades 1472 och anses därmed vara världens äldsta fortfarande aktiva bank.  I januari lade banken ett bud på konkurrenten Mediobanca. Affären uppgår till drygt 17 miljarder euro eller nästan 190 miljarder kronor och kommer resultera i Italiens tredje största bank. Det rapporterar Bloomberg https://www.bloomberg.com/news/articles/2025-09-22/monte-paschi-s-mediobanca-takeover-offer-ends-with-86-3-stake DI 22 september 2025, 19:19 https://www.di.se/live/varldens-aldsta-bank-kontrollerar-86-3-procent-av-konkurrent/ Banca Monte dei Paschi di Siena The world's oldest bank oktober 26, 2011 The world's oldest bank, Siena-based Banca Monte dei Paschi di Siena SpA

  The Banca Monte dei Paschi di Siena headquarters in Siena Italy Sold A 25% Stake in Monte Paschi Successive governments have long tried to find a way to sell a controlling stake in Paschi. The bank was first bailed out in 2009 after it was hit by souring loans and derivatives deals that backfired.  In the following decade, it struggled to deliver consistent profit, given limited room for maneuver under terms set by the European Union. The EU allowed Italy to nationalize Paschi, based in Siena in Tuscany, in 2017 on condition it be re-privatized with an initial deadline set for 2021. Meloni’s predecessor Mario Draghi asked the EU to extend a deadline to sell the state’s controlling stake to the middle of 2024. https://www.bloomberg.com/news/articles/2023-11-21/meloni-sells-1-billion-monte-paschi-stake-in-stealth-operation The world's oldest bank, Siena-based Banca Monte dei Paschi di Siena SpA. European leaders are expected to force Monte dei Paschi to raise €2 billion, or ab...

  Wall Streets starka uppåtrekyl eldades på av ett historiskt lyft i Microsoft och uppgångar på runt 20 procent för flera AI-bolag. https://www.di.se/live/teknikfest-pa-wall-street/ Microsoft is on course to add nearly $500 billion in market cap today after a 17% stock surge. USA inledde en ny våg av attacker mot Iran som riktade sig mot dess Islamiska revolutionsgarde som svar på attacker mot amerikanska militärbaser i Mellanöstern. USA attackerade dussintals IRGC-mål, inklusive militära kommandocentraler och missilanläggningar, för att ytterligare minska hoten från Iran och dess ombud mot amerikanska styrkor och grannländer. Attackerna kom efter en överraskande attack av Irans revolutionsgarde mot en amerikansk militärbas i Jordanien, som avfyrade flera ballistiska missiler och fick oljepriserna att skjuta i höjden då marknaderna fruktade en återgång till ett fullskaligt krig. The US launched a new wave of strikes against Iran that targeted its Islamic Revolutionary Guard Corps i...

The world's oldest bank, Siena-based Banca Monte dei Paschi di Siena SpA, is now caught in the storm. European leaders are expected to force Monte dei Paschi to raise €2 billion, or about $2.8 billion, or more in new capital, analysts say. Irish banks ran into trouble due to reckless real-estate lending. Greek banks have been pummeled by their country's economic implosion. French banks are paying the price for their boom-time expansions into countries like Greece. Italian banks, by contrast, are in trouble for what once seemed like a conservative investment: owning Italian government debt. Wall Street Journal 26 oktober 2011 More about Monte  dei Paschi  

  The Italian government stepped in to rescue MPS in 2017 by handing over €5.4bn in exchange for a 70 per cent stake, marking Italy’s biggest bank nationalisation since the 1930s. Financial Times14 November 2024 https://www.ft.com/content/65fe3cc4-c8e7-4337-aae8-11ee602e5a60   Om Monte dei Paschi di Siena  på denna blogg https://englundmacro.blogspot.com/search?q=Monte+dei+Paschi+di+Siena++ Tillbaka till Rolfs länktips 14 November 2024 https://englundmacro.blogspot.com/2024/11/rolfs-lanktips-14-november-2024.html

  Chinese-made panels on rooftops across the world are changing the facts of life for big utilities Millions of people in poorer countries now have more reliable access to electricity, often through their own endeavours rather than massive installed infrastructure. The world’s power infrastructure was not designed for solar self-generation — and investment, pricing models and even the security of supply could be affected as a result. In some countries, the rise of such domestic generation is starting to undermine the economics of power generation and distribution — just as utilities need to invest heavily in re-engineering grids to allow power to flow both to and from consumers. Financial Times 14 September 2026 https://www.ft.com/content/8b704ae0-1fa2-4303-925f-170fa5d935b3?syn-25a6b1a6=1           China’s solar panel surplus  Clean power is within our reach  Adam Tooze Financial Times 6 June 2026 https://www.ft.com/content/b6cac184-75a4-47ab-94...

It will also close some 150 branches, bringing its network to just over 1,200 branches. After the bank teetered near failure, Rome spent some EUR5.4 billion to nationalize it in 2017, equivalent to more than $6 billion at the time. MarketWatch 23 June 2022 https://www.marketwatch.com/story/italy-s-monte-dei-paschi-plans-2-64-billion-capital-increase-to-revamp-business-271655969855 More about Banca Monte dei Paschi di Siena https://englundmacro.blogspot.com/search?q=monte

 The bank hopes to raise €2.5 billion, equivalent to $2.4 billion, to pay for restructuring costs and shore up its capital base under terms agreed with European authorities earlier this year. Italy’s government rescued MPS in 2017, with the aim of giving the bank a temporary lifeline and re-privatizing it at a later stage.  Five years later, however, the government still hasn’t found a buyer. WSJ 13 October 2022 https://www.wsj.com/articles/beleaguered-italian-bank-mps-to-raise-2-4-billion-with-share-issue-11665664233 The world's oldest bank, Siena-based Banca Monte dei Paschi di Siena SpA https://englundmacro.blogspot.com/2011/10/worlds-oldest-bank-siena-based-banca.html Monte Paschi, the nearly 600-year old bank that was battered by the global financial crisis and has been bailed out by the government Mario Draghi, Italy’s technocrat prime minister and the former president of the European Central Bank, was Italy’s banking regulator who greenlighted the Antonveneta deal. http...

Mario Draghi, who steps down as president of the European Central Bank in October, deserves praise for almost single-handedly saving the euro.  But thorny questions still remain about how well he oversaw the region’s banks, and one in particular: Banca Monte dei Paschi di Siena SpA. As governor of the Bank of Italy between 2006 and 2011, he was ultimately responsible for regulating it.  Crucially, the central bank signed off on Monte Paschi’s mammoth takeover of a rival at the peak of the financial crisis.  It was a deal that eventually left the world’s oldest lender mired in scandal and bailouts. Bloomberg 25 July 2019 The world's oldest bank, Siena-based Banca Monte dei Paschi di Siena SpA ECB

 to acquire larger rival Mediobanca SpA in a deal valued at $13.9 billion Mediobanca considers the approach hostile  The situation is complicated by a web of cross-holdings in some of Italy’s largest financial services firms by two billionaire clans, the Del Vecchios and Francesco Gaetano Caltagirone.  The two families are major shareholders in Monte Paschi and Mediobanca. The Italian government plays a pivotal role, as it has been seeking to use the privatization of Monte Paschi as a way to create a domestic counterweight to the country’s two dominant banks, UniCredit and Intesa Sanpaolo SpA.  Monte Paschi had long been considered a takeover target, after the government rescued the world’s oldest bank.  Röd öppning Red Opening 22 November 2023 Monte Paschi räddades av staten i samband med finanskrisen 2009 i spåren av stora kreditnedskrivningar och misslyckade derivataffärer. Under lång tid därefter hade banken svårt att vända sin situation, men under vd Luigi ...

  Donald Trump calls on Opec to push down global oil prices   Germany's Friedrich Merz calls for permanent border controls He said even people seeking asylum would be barred from entering Germany. https://englundmacro.blogspot.com/2025/01/friedrich-merz-kristdemokraten-far.html We will drill, baby, drill; shale output peaked in November 2023 https://englundmacro.blogspot.com/2025/01/we-will-drill-baby-drill-shale-output.html The World Economic Forum in Davos, Switzerland, once a hub of globalism and progressive ideals, is now seeing a shift towards embracing the ideology of US President Donald Trump.  With CEOs and other business leaders trying to get in line with his views, many are abandoning previous initiatives around equality, diversity, free trade and climate change.  Stephanie Flanders Bloomberg 22 januari 2025 https://www.bloomberg.com/news/articles/2025-01-22/podcast-davos-is-learning-the-art-of-the-deal-in-preparation-for-trump Banca Monte dei Paschi di Sie...

Last-gasp private rescue plan for the world’s oldest bank looks set to fail FT 21 December 2016 Italy is to nationalise Banca Monte dei Paschi di Siena  Ambrose, Telegraph 9 December 2016

Banca Monte dei Paschi di Siena SpA took another big step in its long path to redemption last week by selling subordinated debt for the second time in six months.  An 8% coupon is expensive for the world’s oldest bank, but it can hardly complain given its years of troubles. Bloomberg 20 Januaruy 2020 https://www.bloomberg.com/opinion/articles/2020-01-22/italy-prepares-itself-for-prime-minister-matteo-salvini?srnd=premium-europe

Anrika Monte dei Paschi grundades 1472 och är Italiens tredje största samt världens äldsta bank. Dagens Industri 2016-01-20 http://www.di.se/artiklar/2016/1/20/trubbel-for-varldens-aldsta-bank/ Här en bild jag tog vid mitt besök i Siena Italien hos IntCom Banks hos IntCom

  Mediobanca staunchly against the deal, calling it “destructive.”  Monte Paschi, considered to be the world’s oldest bank still in operation, has recently emerged from a deep restructuring.  An ill-timed takeover just before the financial crisis years in 2008 and 2009 marked the beginning of the bank’s troubles, culminating in its nationalization in 2017. Bloomberg 17 April 2025 https://www.bloomberg.com/news/articles/2025-04-17/monte-paschi-s-shareholders-back-mediobanca-bid-at-meeting Röd öppning Red Opening 22 November 2023 Tillbaka till Rolfs länktips 17 april 2025; Chinese Dream, den allsmäktiga amerikanska dollarn https://englundmacro.blogspot.com/2025/04/rolfs-lanktips-17-april-2025-chinese.html

in a severe economic downturn, according to European stress tests that also delivered relatively weak results for Deutsche Bank and Société Générale. FT 30 July 2021 https://www.ft.com/content/c4207dc7-578f-428e-bb72-6aabbaf31f57 Mario Draghi Has to Explain One Last Thing. So what happened, exactly, at Monte Paschi? https://englundmacro.blogspot.com/2019/07/mario-draghi-has-to-explain-one-last.html  European Banking Authority https://www.eba.europa.eu/eba-publishes-results-its-2021-eu-wide-stress-test Twenty-three banks, including JPMorgan Chase and Goldman Sachs, underwent “stress tests” by the Fed that modelled the financial damage from a series of doomsday scenarios.  These included a US stock market crash, a steep drop in economic output and substantial distress in commercial real estate. The results, released on Thursday, pave the way for billions of dollars in stock buybacks and dividends, which bank investors have been eagerly anticipating. FT 25 June 2021 https://www.f...