Italy's Banca Monte dei Paschi di Siena launched a $13.86 billion all-share offer to buy peer Mediobanca Banca di Credito Finanziario, the latest sign of dealmaking appetite among European banks.

Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar. Billed business-a metric that represents cardholder spending-increased 8% from a year ago.

Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy's financial ...

A week ends under the banner of purchases for the world financial markets, which witnessed the inauguration of Donald Trump, ...

CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy's Treasury picked him ...

By Valentina Za and Gianluca Semeraro MILAN (Reuters) -State-backed Monte dei Paschi di Siena on Friday joined the ...

In a bold move to consolidate Italy’s banking sector, Monte dei Paschi di Siena (MPS), the world’s oldest bank, unveiled a ...

Another European bank is in play, with Italy's Mediobanca fielding a surprise takeover offer from rival Monte dei Paschi. Shares in the target surged, while those in the bidder fell. Get the full stor ...

Market participants were amazed on Friday to read that Banca Monte dei Paschi di Siena was making an unsolicited bid to take ...

A tie-up between two major Italian lenders would bring lopsided benefits to different groups of shareholders. Chris Hughes is ...

Italian lender Monte dei Paschi di Siena announced on Friday it was launching a 13.3 billion euro ($13.9 billion) takeover bid for peer Mediobanca in a surprise move that could reshape the country’s ...