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Monte Paschi chairman to decide in January on possible resignation

Banca Monte dei Paschi di Siena's Chairman Alessandro Profumo gestures during a news conference at the company's headquarters in Siena May 1
Banca Monte dei Paschi di Siena's Chairman Alessandro Profumo gestures during a news conference at the company's headquarters in Siena May 1

SIENA, Italy (Reuters) - Alessandro Profumo, chairman of troubled Italian lender Monte dei Paschi di Siena , 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)

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