The bank that “no one wanted has put itself center stage.” The audacious move reflects the rapid turnaround of Monte Paschi in recent years under Chief Executive Officer Luigi Lovaglio.

the person said, asking not to be named discussing private information. Representatives for Mediobanca and Monte Paschi declined to comment.

(Bloomberg) -- Italian lender Banca Monte dei Paschi di Siena SpA is exploring a potential deal for Mediobanca SpA, people with knowledge of the matter said. Monte Paschi is considering a move to ...