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.

For over eight years, I’ve been reporting on struggles at the world’s oldest bank, Banca Monte dei Paschi di Siena in Siena, Italy, where I am from.

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.

Italy's Monte dei Paschi, the world's oldest operating bank, needs a bailout worth €8.8 billion ($9.2 billion).

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.

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.

MILAN—The board of troubled Italian lender Banca Monte dei Paschi di Siena SpA on Friday decided to raise the amount of a coming share sale to €5 billion ($6.91 billion), from €3 billion ...

Troubled Italian lender Banca Monte dei Paschi di Siena said it is considering asking its bondholders to voluntarily convert their securities into shares.

Monte dei Paschi di Siena, the lender that was at the centre of a crisis in Italian banks last decade, will pay its first dividend since 2010, capping a turnaround for the state-backed bank.

Monte dei Paschi is Europe's oldest bank and it's also in dire financial trouble. This, in and of itself, is not a dire problem for we know how to fix bad banks. Investors put in more capital and ...