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Monte Paschi Top Investor, Creditors Move Standstill Deadline

ROME -(Dow Jones)- The Italian banking foundation that controls Banca Monte dei Paschi di Siena SpA (BMPS.MI), Italy's third largest bank, said Wednesday it has agreed with its lenders to postpone to May a deadline to reach an agreement to bring down its debt. In a statement, Fondazione Monte dei Paschi di Siena said the negotiations are at "very advanced" levels and the only the "last details" are needed for its debt restructuring. The previous standstill agreement with the creditors expired Monday. The foundation has also started selling part of its controlling stake in the bank to raise capital. -By Liam Moloney, Dow Jones Newswires; +39 06 6976 6924; liam.moloney@dowjones.com

Stock News for Jp Morgan Chase (JPM)
DateTimeHeadline
07/25/201416:05:03Investors Pile Into Treasury Bonds on Growth Concerns -- Update
07/25/201415:05:12Former Bear Stearns Chief Alan 'Ace' Greenberg Dies -- Update
07/25/201414:00:08Former Bear Stearns Chief Greenberg Dies
07/25/201413:58:23Former Bear Stearns Chief Alan 'Ace' Greenberg Dies
07/22/201413:13:16Credit Suisse to Exit Commodities Trading
07/21/201403:20:37MARKET SNAPSHOT: Small Caps' Slump, Ukraine Fears May Hold Up...
07/18/201419:06:11J.P. Morgan Debt Indexes Won't Include New Bonds of Russian Companies...
07/17/201421:50:39J.P. Morgan Awards CEO With Stock Options
07/17/201421:07:42J.P. Morgan Gave CEO Dimon Stock Options Valued at About $36...
07/17/201417:30:19J.P. Morgan Gives CEO Dimon Stock Option of 2 Million Shares
07/17/201404:43:08South Korea Sells Shares in Industrial Bank of Korea
07/17/201401:38:29U.S. Government Bonds Have Best Week in Four Months
07/15/201417:09:10MARKET SNAPSHOT: U.S. Stocks Close Lower; Dow Ekes Out A Gain
07/15/201417:07:23MARKET SNAPSHOT: Momentum Plays Pull Down U.S. Stock Market
07/15/201417:03:17J.P. Morgan, Goldman Sachs Beat Expectations
07/15/201417:02:36J.P. Morgan, Goldman Sachs Beat Expectations -- 9th Update
07/15/201416:52:02MARKET SNAPSHOT: U.S. Stocks Swing As Yellen Speaks
07/15/201416:51:17J.P. Morgan Beats Expectations -- 8th Update
07/15/201416:49:26MARKET SNAPSHOT: U.S. Stocks Open Higher; J.P. Morgan Rallies
07/15/201416:49:26U.S. Hot Stocks: Hot Stocks to Watch

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