Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar. Billed business-a metric that represents cardholder spending-increased 8% from a year ago.

Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy's financial ...

CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy's Treasury picked him ...

In a bold move to consolidate Italy’s banking sector, Monte dei Paschi di Siena (MPS), the world’s oldest bank, unveiled a ...

Another European bank is in play, with Italy's Mediobanca fielding a surprise takeover offer from rival Monte dei Paschi. Shares in the target surged, while those in the bidder fell. Get the full stor ...

Market participants were amazed on Friday to read that Banca Monte dei Paschi di Siena was making an unsolicited bid to take ...

By Valentina Za and Gianluca Semeraro MILAN (Reuters) -State-backed Monte dei Paschi di Siena on Friday joined in the ...

A tie-up between two major Italian lenders would bring lopsided benefits to different groups of shareholders. Chris Hughes is ...

Under founder Enrico Cuccia, Mediobanca pulled the strings of Italian post-war finance. Now it is under siege, with former ...

How you can use economic moats to find quality stocks, and what to expect from our chief US market strategist in his new podcast, The Morning Filter.

Italy’s bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro all-share takeover offer for larger ...

Italian bank Monte dei Paschi di Siena said Friday that it was launching a bid for all Mediobanca shares in a potential 13.3 billion euro ($13.9 billion) deal.