On Air Now

Listen

Listen Live Now » 94.7 FM Central Wisconsin 102.9 FM Wausau, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
49° Feels Like: 45°
Wind: ESE 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Thundershowers 66°

Tonight

Thundershowers 49°

Tomorrow

Isolated Thunderstorms 67°

Alerts

Monte Paschi CEO sees capital hike offered to existing shareholders

Banca Monte Paschi di Siena CEO Fabrizio Viola attends a news conference in downtown Milan January 28, 2013. REUTERS/Alessandro Garofalo
Banca Monte Paschi di Siena CEO Fabrizio Viola attends a news conference in downtown Milan January 28, 2013. REUTERS/Alessandro Garofalo

ROME (Reuters) - Banca Monte dei Paschi di Siena will seek to implement its upcoming 2.5 billion euro capital increase by offering it as an option to existing shareholders, the chief executive of the troubled Italian lender said on Thursday.

"No decisions have been taken yet but it's plausible to think that an option for the 2.5 billion is the one to focus on," Monte Paschi CEO Fabrizio Viola told reporters on the margins of a conference in Rome.

(Reporting by Stefano Bernabei)

Comments