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

2017 is the 70th anniversary of the signing of the World Bank’s first loan – a Reconstruction Loan to France in 1947. To mark the occasion, the World Bank Group Archives has publicly released records ...

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 ...