Banca Monte dei Paschi di Siena SpA, Italy’s third-largest bank, fell in Milan after setting a 35.5 percent discount on stock in its 5 billion-euro ($6.8 billion) rights offer to repay state aid and bolster capital.
European Central Bank President Mario Draghi laid the foundations last week to provide “all the liquidity that is needed” even if the bank decides not to intervene immediately, Giuseppe Vegas, head of Italy’s market regulator Consob, told daily Il Sole 24 Ore in an interview.
BlackRock Inc. said it complied with Italian disclosure requirements after a regulator said the world’s largest money manager may have broken rules by failing to report an increase of its stake in Telecom Italia SpA.
Bank of America Corp., sued by U.S. attorneys in August over an $850 million mortgage bond, faces three more Justice Department civil probes over mortgage-backed securities, according to two people with direct knowledge of the situation.
The ban on short-selling adopted by some European countries in a bid to stem market volatility has helped reduce speculation, according to Giuseppe Vegas, chairman of Italian stock-market regulator Consob.