The surprise move comes amid a flurry of recent activity within Italy's banks including potential mergers and acquisitions. Monte dei Paschi (MPS) said its bid aimed "to create a new national champion ...

Rome (AFP) – Italian bank Monte dei Paschi di Siena said Friday that it was launching a bid for its larger rival Mediobanca, a potential 13.3 billion euro ($13.9 billion) deal that could help ...

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 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 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 ($ ...