How Italy’s MPS went from near collapse to bid for revered merchant bank By Reuters

By Valentina Za, Gianluca Semeraro and Mathieu Rosemain MILAN (Reuters) – Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy’s Treasury picked him out to revive the fortunes of the world’s oldest bank, five years after bailing it out. Back in October 2022 he

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Explainer-How billionaire Caltagirone could influence Italy’s banking M&A wave By Reuters

MILAN (Reuters) – Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under way. BATTLES IN GENERALI AND MEDIOBANCA Caltagirone last year expanded his investments in Italy’s financial sector and is now a key shareholder in bailed-out bank Monte dei Paschi di Siena

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British growth plans get positive response in Davos, minister says By Reuters

By Alexander Smith and Elisa Martinuzzi DAVOS, Switzerland (Reuters) – British industry and energy minister Sarah Jones said that meetings in Davos this week with CEOs considering where to make their next investment had been positive as the government took its growth mantra to the Swiss mountains. “People are enthusiastic with the message that they’re

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Miton UK MicroCap Trust announces interim share redemption payout By Investing.com

LONDON – Miton UK MicroCap Trust PLC (LSE:MINI), a publicly traded investment company, has announced that it will make an interim distribution payment following the recent redemption of its ordinary shares. The payment is related to the company’s annual redemption facility, which allows shareholders to request the redemption of their shares. The board had previously

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