Latest news with #BancaMonteDeiPaschi
Bloomberg
18 hours ago
- Business
- Bloomberg
Italy's Monte dei Paschi Share Sale Draws Scrutiny From Brussels
The Italian government's sale of shares in Banca Monte dei Paschi di Siena SpA has spurred scrutiny from European Union regulators, amid reports that some investors were sidelined from the process. The European Commission 's competition branch has started to dig deeper into the November 2024 stake sale in a move that could eventually provoke a full-blown state aid investigation, according to people familiar with the matter.
Reuters
09-05-2025
- Business
- Reuters
Italy's Mediobanca beats forecasts with Q3 results
MILAN, May 9 (Reuters) - Mediobanca ( opens new tab has beaten expectations on its quarterly results thanks to the contribution of all its businesses, the Italian bank said on Friday. Mediobanca said last month it planned to acquire wealth manager Banca Generali ( opens new tab and bring wealth management revenues to 45% of the total from 26% at present as it sought to fend off an unsolicited bid from smaller rival Banca Monte dei Paschi (MPS) ( opens new tab. The merchant bank said in a statement that risks linked to a combination with MPS would be further heightened by a merger with Banca Generali.
