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World’s Oldest Bank Joins Rush to Consolidate European Lending
Formally called Banca Monte dei Paschi di Siena, it is widely known as the world’s oldest bank, founded in Siena in 1472. It was long a problem child, hamstrung by poor lending decisions ...
ABC News28d
Italian bank Monte dei Paschi launches 13 billion euro takeover bid for peer Mediobanca
Italian bank Monte dei Paschi di Siena has announced it is launching a 13.3 billion euro takeover bid for larger peer Mediobanca in a surprise move that could reshape the country’s banking ...
Bloomberg L.P.28d
Monte Paschi ‘Unthinkable’ Move on Larger Rival Stuns Italy
The last time Banca Monte dei Paschi di Siena SpA bought another lender, it was the beginning of the road to collapse and nationalization. So when Paschi announced an unsolicited €13.4 billion ...
NBC New York28d
Italy's Monte dei Paschi launches surprise 13-billion-euro bid for larger peer Mediobanca
Italy's bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro ($13.95 billion) all-share takeover offer for larger domestic peer Mediobanca. Shares of Monte dei Paschi (MPS ...
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Monte dei Paschi shares fall 7% after lender launches surprise 13-billion-euro bid for Mediobanca
Italy's bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro ($13.95 billion) all-share takeover offer for larger domestic peer Mediobanca. Shares of Monte dei Paschi (MPS ...
Investing3d
Banca Monte dei Paschi di Siena SpA (BMPS)
Investing.com -- Shares in Monte dei Paschi (MPS) fell again on Tuesday following the announcement of a surprise takeover bid for Mediobanca (OTC:MDIBY). MPS revealed a buyout bid ...
U.S. News & World Report24d
Mediobanca Rejects Monte Dei Paschi Bid as Lacking Rationale
MILAN (Reuters) -Italian bank Mediobanca on Tuesday rejected a takeover offer by state-backed rival Monte dei Paschi di Siena, saying a tie-up would be detrimental to its shareholders because it ...
Wall Street Journal24d
Monte Dei Paschi’s Surprise Bid for Mediobanca Fails to Convince Investors
Italy’s Banca Monte dei Paschi di Siena’sBMPS1.64%increase; green up pointing triangle surprise buyout offer for peer Mediobanca MB 1.14%increase; green up pointing triangle on Friday garnered ...
Yahoo Finance28d
Paschi’s €13 Billion Mediobanca Bid Adds Twist to Italian Saga
(Bloomberg) -- Banca Monte dei Paschi di Siena SpA made a surprise offer to acquire larger rival Mediobanca SpA in a deal valued at €13.3 billion ($13.9 billion), adding a new twist in a series ...
Business Insider14d
Banca Monte dei Paschi di Siena SPA (0RK6) Gets a Buy from Barclays
Barclays analyst Paola Sabbione maintained a Buy rating on Banca Monte dei Paschi di Siena SPA (0RK6 – Research Report) today and set a price target of €8.00. The company’s shares closed ...
Yahoo Finance28d
Monte dei Paschi bids for Mediobanca as Italian banking drama escalates
MILAN (Reuters) -State-backed Monte dei Paschi di Siena on Friday joined the consolidation wave sweeping Italian banking with a surprise 13.3 billion euro ($14 billion) all-share offer to buy ...