Monte dei Paschi di Siena downplayed the potential impact of ongoing market turbulence on its 13-billion-euro offer for Mediobanca, telling CNBC it expects to complete the deal this summer.

ROME (AP) — Italian bank Monte dei Paschi di Siena announced Friday it was launching a 13.3 billion euro ($13.9 billion) takeover bid for larger peer Mediobanca in a surprise move that could ...

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

MILAN (Reuters) -Italian state-controlled bank Monte dei Paschi di Siena on Friday hiked its profit goal for the year after reporting a larger than expected 31% yearly rise in third quarter income.

Fondazione CRT has committed 5 million euros ($5 million) towards a new share sale at Monte dei Paschi di Siena, a CRT source said, bringing the total pledged this week by Italian banking ...

Monte dei Paschi di Siena has today reported a first quarter profit of €9.7m and said new chief executive Luigi Lovaglio would present a new plan for the Italian state-owned bank on June 23.

After performing poorly in a stress test, Monte dei Paschi di Siena, founded in 1472, could be swallowed by UniCredit.