Why bank investors are standing up to ‘knockout’ bids
The logic for consolidation is straightforward: Europe doesn’t have enough banks with the scale to compete with the US and facilitate investment in essential projects such as the climate transition.
Monte Paschi's Q4 profits exceed expectations
Banca Monte dei Paschi di Siena SpA, an Italian banking institution, reported a fourth-quarter net income of €384.9 million ($400 million), surpassing the analysts' projected profit of €262.8 million.
Reuters9d
Banca Monte dei Paschi di Siena SpA
No job cuts expected from potential MPS-Mediobanca deal - FABI union January 29, 2025 Italian bank Mediobanca on Tuesday rejected a takeover offer by state-backed rival Monte dei Paschi di Siena ...
Paschi Takeover Could Be Negative for Mediobanca, Moody’s Says
Moody’s Ratings sees some potential risks for Mediobanca SpA in a possible combination with Banca Monte dei Paschi di Siena SpA, which made a hostile bid for the larger Italian bank a week ago.
GlobalData on MSN16d
Mediobanca turns down Monte dei Paschi’s $14bn buyout offer
"Mediobanca turns down Monte dei Paschi’s $14bn buyout offer" was originally created and published by Private Banker International, a GlobalData owned brand. The information on ...
Star Tribune17d
Italian bank Mediobanca rejects takeover bid by domestic rival Monte dei Paschi
Monte dei Paschi, Italy's oldest bank, launched a 13.3 billion-euro ($13.9 billion) takeover bid last week for larger Milan-based peer Mediobanca that aims to reshape the Italian banking sector.
Times Union17d
Italian bank Mediobanca rejects takeover bid by domestic rival Monte dei Paschi
MILAN (AP) — Italian bank Mediobanca on Tuesday rejected a surprise takeover attempt by domestic rival Monte dei Paschi di Siena. Mediobanca said in a statement that the offer “is devoid of ...