Monte Paschi chairman to decide in January on possible resignation

Sat Dec 28, 2013 8:02am EST
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SIENA, Italy (Reuters) - Alessandro Profumo, chairman of troubled Italian lender Monte dei Paschi di Siena (BMPS.MI: Quote), said on Saturday he would decide whether to step down in January.

"These are decisions one takes in cold blood and in the right place, I have nothing to say," Profumo told a shareholder meeting.

He said a board meeting of the bank was scheduled to be held in January and he would take his decision then.

Speculation has been mounting that Profumo might quit because of a clash with the bank's top investor over the timing of a vital capital increase.

(Reporting by Silvia Aloisi, editing by Valentina Za)

Banca Monte dei Paschi di Siena's Chairman Alessandro Profumo gestures during a news conference at the company's headquarters in Siena May 10, 2012. REUTERS/Giampiero Sposito