Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, January 13, 2012

MPS says no capital hike plans, (NYSE: ITUB)

Italian bank Monte Paschi di Siena ruled out including a capital increase in plans to be unveiled next week, saying on Friday it would need new capital requirements by selling assets and taking other steps to manage its capital. Managing director Fabrizio Viola told a news conference the bank would revise its business plans after the measures to reinforce its capital were completed.Bank chairman Giuseppe Mussari also confirmed that he intended to end his mandate on April 30.

Itau Unibanco Holding S.A. is a bank in Brazil. The Company has four operational segments: Commercial Banking, Itau BBA, Consumer Credit and Corporate and Treasury. Shares of ITUB remained unchanged at $20.00. In the past year, the shares have traded as low as $14.47 and as high as $24.72. On average, 13510800 shares of ITUB exchange hands on a given day and today's volume is recorded at 0.



Source