Paschi rallied on Wednesday pushed by expectations of a multi-billion euro sale of bad loans and traders UBI Chairman Andrea Moltrasio has announced that the Italian lender is not seeking a merger with Monte dei Pashi di Siena. The bank said in a statement on Monday it had decided to withdraw its application for an acquisition of the bank, which was approved by shareholders last month.
UBI Chairman Andrea Moltrasio has announced that the Italian lender is not seeking a merger with Monte dei Pashi di Siena. The bank said in a statement on Monday it had decided to withdraw its application for an acquisition of the bank, which was approved by shareholders last month.