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, ...

MILAN (Reuters) - Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early ...

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

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

Monte dei Paschi launched a near-$14 billion offer to buy counterpart Mediobanca, a fresh twist in the consolidation of Italy ...

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 ...

Under founder Enrico Cuccia, Mediobanca pulled the strings of Italian post-war finance. Now it is under siege, with former ...