55 stories found
Deutsche Bank has agreed to settle a €152 million legal dispute brought by a former senior manager connected to the bank’s past dealings with Monte dei Paschi di Siena. The agreement concludes the litigation without an admission of liability.
Italian insurance giant Generali is considering a $10 billion acquisition offer from Monte dei Paschi di Siena for Banca Generali, signaling potential consolidation in the European financial sector.
Italian bank Monte dei Paschi di Siena (MPS) is reportedly considering a strategy involving the takeover of three other banks, a complex move in the financial sector.
Italian banks Monte dei Paschi di Siena (MPS) and Intesa Sanpaolo are involved in a financial "risiko," with Intesa launching a takeover bid on MPS, which has responded with an alternative option for its shareholders.
Unipol is reportedly observing the situation surrounding Monte dei Paschi di Siena (MPS) following moves by Lovaglio, with questions arising about the Italian government's position.
Monte dei Paschi di Siena CEO Luigi Lovaglio is attempting to fend off a potential takeover by Intesa Sanpaolo, with the roles of Agricole and Generali, along with political factors, playing a crucial part in the ongoing banking saga.
The head of Monte dei Paschi di Siena (MPS) has voiced strong opposition to a takeover bid from Intesa Sanpaolo, particularly after MPS reported robust financial results.
Advisers for Banca Monte dei Paschi di Siena SpA and Banco BPM SpA are in talks regarding a potential merger of equals, structured with a mix of shares and cash, as an alternative to Intesa Sanpaolo SpA’s €35 billion bid for Monte Paschi.
The Italian government maintains a neutral stance on Intesa SanPaolo's potential bid for Banca Monte dei Paschi di Siena (MPS), according to Minister Giorgetti. The government is not taking a position on the proposed acquisition.
Intesa Sanpaolo is reportedly preparing a bid for Monte dei Paschi di Siena, potentially reshaping the Italian banking system through a major acquisition battle.
Intesa Sanpaolo has launched a €30.6 billion bid for Monte dei Paschi di Siena, Italy's third-largest bank, intensifying a consolidation wave in the Italian financial sector. This offer counters a previous proposal from Banco BPM, setting off a bidding war for the world's oldest bank.
The Italian Parliament is holding hearings regarding chat communications between politicians and the Ministry of Economy concerning Monte dei Paschi di Siena (MPS), with a decision expected today on examining a director's phone.
A rift has emerged within Palazzo Chigi regarding the future of MPS (Monte dei Paschi di Siena) bank, with Premier Meloni reportedly favoring Caltagirone romano while the League seeks to reopen discussions between Siena and Milan.
Shareholders of Italian bank Monte dei Paschi di Siena (MPS) voted for the list presented by Plt Holding of Tortora, leading to the victory of CEO Lovaglio's list with support from Delfin and Banco Bpm.
The stock of Monte dei Paschi di Siena (MPS) has fallen by a fifth this year, double the decline of the European banking index, raising concerns about the bank's stability.
The board of Monte dei Paschi di Siena has stripped CEO Luigi Lovaglio of his powers following an internal governance clash, setting the stage for a leadership battle within Italy's oldest bank.
A third list of candidates for the board of directors has emerged for Monte dei Paschi di Siena (MPS), with Plt Holding's move bringing former CEO candidate Lovaglio back into the running.
Italian Prime Minister Giorgia Meloni stated that the government's role in the recovery of Monte dei Paschi di Siena (MPS) bank is complete, implying no further involvement in future governance decisions.
(ANSA) - ROME, FEB 27 - Monte dei Paschi di Siena's (MPS) new business plan targets 3,7 billion euros in profits by 2030 and 16 billion euros for shareholders, the Tuscan lender said Friday. MPS has approved its 2026-2030 business plan, which, thanks to the merger with Mediobanca, makes it the "third-largest Italian banking player" with over 7 million customers. The group, according to a statement, expects to achieve adjusted net profit of €3.3 billion in 2028 and €3.7 billion by 2030, and to...
The newly appointed head of Italy’s securities regulator, Consob, is navigating a high-stakes conflict involving Intesa Sanpaolo and former executive Lovaglio over the defense of Monte dei Paschi di Siena, marking a challenging debut for the authority.
Monte dei Paschi di Siena (MPS) is reducing its stake in Generali, a move that could reshape the future of Trieste. This divestment aims to finance a super-dividend, with further reductions possible if the plan succeeds.
After acquiring Mediobanca, Monte dei Paschi di Siena, the world's oldest bank, is reportedly planning to take over two more competitors to prevent its own breakup.
Italy's Monte dei Paschi di Siena (MPS) has launched defensive share swaps with Banco BPM and Banca Generali, a strategic move approved by its board to fend off a potential unsolicited takeover bid from Intesa Sanpaolo.
Monte dei Paschi di Siena's board of directors met to consider CEO Lovaglio's strategic plan, which includes a double offer and super dividend for shareholders. This comes as Intesa Sanpaolo continues to pursue its interest in MPS.
Rumors are circulating regarding Monte dei Paschi di Siena's (MPS) strategic moves to counter Intesa Sanpaolo, reportedly involving a double public offer (OPS) on Banca Popolare di Milano (BPM) and Banca Generali, causing MPS shares to rise by 1%.
Banca Monte dei Paschi di Siena (MPS) is reportedly considering an offer for Banca Popolare di Milano (BPM) as a strategy to avoid a potential takeover by Intesa Sanpaolo, possibly involving Crédit Agricole.
Banca Monte dei Paschi di Siena (Paschi) has cast doubts on a potential bid from Intesa Sanpaolo and is urging consideration of a plan involving Banco BPM.
Italy's Economy Minister Giorgetti addressed the Senate regarding the Monte dei Paschi di Siena (MPS) operation, stating that the 'golden power' committee will evaluate Intesa's offer and confirming the Treasury's plan to sell its stake in MPS.
Intesa's offer for Banca Monte dei Paschi di Siena (MPS) will lead to significant changes for customers, with Unipol acquiring 635 branches and the Bper brand potentially disappearing as the new entity will be named Banca Monte dei Paschi.
The competition for Monte dei Paschi di Siena (MPS) has intensified, with Banco BPM formally proposing a merger to create a new Italian banking giant, while Intesa Sanpaolo has also launched an offer. This development highlights the strategic alignment between Banco BPM's CEO Castagna and MPS's CEO Lovaglio in the context of the potential deal.
The chief of Monte dei Paschi di Siena (MPS) is reportedly considering selling the bank's stake in Generali, with the proceeds intended to help fund a potential merger with Banco BPM.
The former director general of Bankitalia, Fabrizio Rossi, commented on the Monte dei Paschi di Siena (MPS) situation, attributing the 'sovereign savings' reversal to fears from the ECB and investment funds, as well as Delfin's disaffection with the government's plan for a national financial hub. He also touched upon the Capitali law aimed at making Italian governance rules more friendly.
Delfin, the holding company of the Del Vecchio family, is reportedly considering voting in favor of the Lovaglio list for Monte dei Paschi di Siena (MPS).
Sources indicate that the European Central Bank has raised concerns regarding the banking credentials of the CEO candidate for Monte dei Paschi di Siena's board.
Monte dei Paschi di Siena (MPS) has revoked CEO Luigi Lovaglio's powers after he challenged a plan to replace him, following earlier reports that he was nearing resignation amid ongoing board conflict.
The boards of Italian banks Monte dei Paschi di Siena (MPS) and Mediobanca have approved their merger, with Mediobanca's brand set to be retained and its stake in Generali maintained.
(ANSA) - ROME, FEB 27 - The Italian government's role in Tuscan lender Monte dei Paschi di Siena (MPS) is over, Premier Giorgia Meloni told Bloomberg Friday. Meloni, interviewed by Bloomberg,…
Unipol chief executive Carlo Cimbri has pledged to maintain the headquarters of Monte dei Paschi di Siena in Siena and confirmed there will be no job cuts as part of the ongoing Opas merger agreement with Intesa Sanpaolo.
Italy's oldest bank, Monte dei Paschi di Siena, has made a €34 billion offer to acquire Banca Popolare di Milano (BPM) and Banca Generali. This strategic move aims to prevent the bank from being broken up.
Intesa Sanpaolo is considering filing a complaint with CONSOB, Italy's financial market regulator, concerning Monte dei Paschi di Siena (MPS). The potential complaint raises questions about the passivity rule and changes in control of MPS.
Monte dei Paschi di Siena (MPS) has launched two exchange offers for Banco BPM and Banca Generali, as part of CEO Lovaglio's plan which includes a 1 billion euro cash distribution and 3 billion euros in Generali shares.
A dossier presented to shareholders regarding Monte dei Paschi di Siena is reportedly met with a cold reception from French shareholder Crédit Agricole, while Italian insurer Generali (Il Leone) is studying the documents. The path forward is described as challenging due to quorum requirements and major shareholder decisions.
The CEO of Monte dei Paschi di Siena (MPS) affirmed the bank's integrity, responding to Premier Meloni's concerns about a potential 'dismemberment' amidst a takeover bid by Intesa Sanpaolo.
Banca Monte dei Paschi di Siena, founded in 1472, faces a hostile takeover bid that has caused concern among Tuscans, despite its history of surviving wars, pandemics, and scandals.
The CEO of Monte dei Paschi di Siena (MPS), Luigi Lovaglio, stated that the bank's board is evaluating all options, including proposals from Banco BPM and Intesa Sanpaolo, in the interest of all stakeholders.
Italian banks are reportedly vying to acquire Monte dei Paschi di Siena, the world's oldest bank, indicating significant consolidation or restructuring in the Italian banking sector.
A bidding war has reportedly erupted for Monte dei Paschi di Siena, the world's oldest bank, indicating a surge in interest for the financial institution.
Italian bank Monte dei Paschi di Siena (Mps) announced a first-quarter 2026 profit of 521 million euros, surpassing analyst expectations and showing growth from previous figures.
Italian Minister Giorgetti expressed satisfaction and pride in the government's role in rehabilitating Monte dei Paschi di Siena (MPS) bank, noting the agreement with the European Commission.
The power struggle at Monte dei Paschi di Siena, Italy's oldest bank, has concluded with the general assembly surprisingly re-electing Luigi Lovaglio as CEO.
Monte dei Paschi di Siena (MPS) has dismissed its general manager, Luigi Lovaglio, for 'just cause,' a week before the assembly to elect a new board and following the revocation of his powers on March 25.
Italy's market watchdog, Consob, has reportedly deemed all proposed board slates for Monte dei Paschi di Siena (MPS) as fully legitimate.
Italy's Monte dei Paschi di Siena (MPS) has selected Fabrizio Palermo to serve as its new chief executive.
Monte dei Paschi di Siena, Italy's third-largest bank, projects a €3.7 billion profit by 2030 following its deal with Mediobanca.
(ANSA) - ROME, FEB 27 - The Italian government's role in Tuscan lender Monte dei Paschi di Siena (MPS) is over, Premier Giorgia Meloni told Bloomberg Friday. Meloni, interviewed by Bloomberg, declared that "the government's role is over," noting that its remaining 4.9% stake "clearly does not give us the ability to exercise significant influence over governance" and that "it will not participate in the appointment of the new administrative and supervisory bodies." On the stock market, MPS sto...