Banco BPM SpA and Anima Holding SpA are set to back Banca Monte dei Paschi di Siena SpA’s bid for rival Mediobanca SpA at a crucial investor meeting this week.

Luigi Lovaglio, CEO of Italian bank Monte dei Paschi di Siena, sits with CNBC's Silvia Amaro to discuss its takeover bid for Mediobanca, the need for consolidation in the European banking landscape, ...