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Banca Monte dei Paschi di Siena S.p.A. (Italian pronunciation: [ˈbaŋka ˈmonte dei ˈpaski di ˈsjɛːna]), known as BMPS or just MPS, is an Italian bank.Tracing its history to a mount of piety founded in 1472 (552 years ago) and established in its present form in 1624 (400 years ago), it is the world's oldest or second oldest bank, depending on the definition, and the fifth largest Italian ...
Banca Antonveneta S.p.A. was an Italian bank based in Padua, Italy.The bank was absorbed into Banca Monte dei Paschi di Siena in 2013.. In 2008, it was the 9th largest banking group in Italy in terms of customer loans and the 8th largest in terms of total assets, with 1,000 branches, 10,800 employees and €50bn in assets.
Banca Monte dei Paschi di Siena, founded in 1472, is the world's oldest or second oldest bank in continuous operation. Italy had 11 banking group (excluding banking group that owned by foreign banks) that were supervised by the European Central Bank directly.
MPS Finance was founded in 2001 was set up to be one of the "center of excellence" of Monte dei Paschi di Siena Group. Operating on two macro-platforms, MPS Finance performed the typical investment banking activity (Capital Market, Derivatives, Corporate and Government Bonds) and, at the same time, it was a financial product factory which created and places a whole range of financial products ...
Managed for almost 10 years by We@Service, the internet services company for BPM Group, Webank became on 1 November 2009 an independent bank (WeBank S.p.A.) fully owned by Banca Popolare di Milano (BPM).
Banca Monte dei Paschi di Siena, founded in 1472, is the world's oldest or second oldest bank in continuous operation. The origins of modern banking can be traced to the medieval and early Italian Renaissance , to the rich cities in the north like Florence , Lucca , Siena , Venice , and Genoa .
In 1913 the Subsidy Consortium was established, led by the Bank of Italy and also participated by the Banks of Naples and Sicily, some savings banks, Monte dei Paschi di Siena and by the San Paolo Bank of Turin. In 1922 the Consortium saved Ansaldo and took control of it, and in 1923 it did the same with Banco di Roma. [6]
In 1472 the Republic founded the Monte dei Paschi, a bank that is still active today and is the oldest surviving bank in the world. The Republic was an important commercial center: wheat and salt were produced, coming from the Maremma region.