So when Paschi announced an unsolicited €13.4 billion ($14.1 billion) offer for larger rival Mediobanca SpA on Friday morning, Italy’s financial sector was in shock. The government had as recently as ...

(Bloomberg) -- The last time Banca Monte dei Paschi di Siena SpA bought another lender, it was the beginning of the road to collapse and nationalization. So when Paschi announced an unsolicited ...

The move -- which a source close to Mediobanca said was hostile -- comes amid a flurry of recent activity within Italy's banks including potential mergers and acquisitions. The world's oldest bank ...

The Friday offer adds to a picture of heating M&A appetite in Italy's banking and financial services sector. Italy's bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro ($ ...

The move -- which a source close to Mediobanca said was hostile -- comes amid a flurry of recent activity within Italy's banks including potential mergers and acquisitions.

a potential 13.3 billion euro ($13.9 billion) deal that could help reshape the country's banking sector. The move -- which a source close to Mediobanca said was hostile -- comes amid a flurry of ...