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Best UK mortgage deals of the week

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Spain's Santander says not interested in buying Italy's Monte dei Paschi

Reuters - UK Focus

MADRID, Jan 22 (Reuters) - Spanish bank Santander on Friday said it was not considering any potential acquisition of Italian lender Banca Montei dei Paschi (Milan: BMPS.MI - news) di Siena following press reports mentioning such a possibility earlier in the day.

"Banco Santander (Amsterdam: 817651.AS - news) denies any interest in buying Monte dei Paschi," a spokeswoman for the bank told Reuters.

Shares (Berlin: DI6.BE - news) in Monte dei Paschi and other Italian banks plunged earlier this week on concerns over their financial strength. In a bid to reassure investors, the lender said on Friday it would publish preliminary full-year results on Jan. 28 ahead of a Feb. 5 scheduled release. (Reporting by Jesus Aguado, editing by Julien Toyer)