Monte Paschi’s ‘Unthinkable’ Move on Larger Rival Stuns Italy
The last time Banca Monte dei Paschi di Siena SpA bought another lender, it ended in tears.Most Read from BloombergWhat ...
How Italy's MPS Went From Near Collapse to Bid for Revered Merchant Bank
MILAN (Reuters) - Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early ...
World’s Oldest Bank Joins Rush to Consolidate European Lending
Monte dei Paschi launched a near-$14 billion offer to buy counterpart Mediobanca, a fresh twist in the consolidation of Italy ...
Paschi Makes Surprise €13 Billion Share Offer for Mediobanca
Banca Monte dei Paschi di Siena SpA offered to acquire larger rival Mediobanca SpA in a €13.3 billion ($13.9 billion) all-share deal, the latest unexpected twist in a series of takeover attempts ...
Bank M&A in the new Italy evokes old Italy’s flaws
Under founder Enrico Cuccia, Mediobanca pulled the strings of Italian post-war finance. Now it is under siege, with former ...