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Italy's Monte dei Paschi clinches 62% of Mediobanca

Monte dei Paschi di Siena has secured 62% of Mediobanca, bourse data shows, paving the way for a shake-up at the bid target where long-standing CEO Alberto Nagel is preparing to step down.

Business • 17 hrs

UniCredit posts surprise profit jump, drops Banco BPM bid

UniCredit has today posted a much higher than expected quarterly profit and raised its 2025 outlook, a day after ditching a takeover bid for rival Banco BPM which had led Italy's second biggest bank to clash with the government.

Business • 23 Jul

Court scraps some demands in UniCredit's BPM bid

An Italian court has scrapped some of the conditions Rome had set to clear UniCredit's takeover offer for Banco BPM, except a request that it stop operating in Russia - which the Milan-based lender may struggle to comply with.

Business • 14 Jul

UniCredit has posted a surprise increase in first-quarter profit

UniCredit ups profit outlook, to be selective on deals

Italy's second-biggest bank UniCredit has strengthened its 2025 outlook after posting a surprise increase in first-quarter profit, and said it would pursue deals only if they further improved its "unmatched standalone case".

Business • 12 May

Monte dei Paschi di Siena has reported net profit of €413m, well above a €341m forecast

Monte dei Paschi beats forecasts with 24% profit rise

State-backed Monte dei Paschi di Siena has today posted a larger-than-forecast 24% quarterly profit rise as it pursues a hostile takeover of rival Mediobanca in the consolidation wave sweeping Italian finance.

Business • 09 May

UniCredit last week received a green light from the European Central Bank for the Banco BPM deal

UniCredit to launch BPM bid on April 28

UniCredit said it would launch on April 28 its buyout offer for Banco BPM on the same day as French bank Credit Agricole said it had secured supervisory approval to hold up to 19.9% of BPM's capital.

Business • 02 Apr

Unicredit said its profit in the October-December period totalled €1.97 billion

UniCredit vows to keep 2025 profit steady as revenues dip

UniCredit has today posted better than expected 2024 earnings and said it aimed to keep profit stable this year despite decliningrates, promising to increase shareholder rewards in 2025-2027.

Business • 11 Feb

Monte dei Paschi announced a surprise €13.3 billion buyout bid for Mediobanca on Friday

Italy's Mediobanca rejects Monte dei Paschi bid

Italian bank Mediobanca has today rejected a takeover offer by state-backed rival Monte dei Paschi di Siena, saying a tie-up would be detrimental to its shareholders because it lacked any strategic and financial rationale.

Business • 28 Jan

Italy's Monte dei Paschi di Siena has launched a surprise €13.3 billion all-share buyout offer for Mediobanca

Bailed-out Monte dei Paschi in bid to buy Mediobanca

Bailed-out lender Monte dei Paschi di Siena has today launched a €13.3 billion all-share buyout offer for Mediobanca MDBI.MI, in the latest surprise twist of a complex Italian banking saga.

Business • 24 Jan

UniCredit said the buyout offer for Banco BPM was independent of its proposed investment in Germany's Commerzbank

UniCredit launches surprise €10 billion bid for Banco BPM

Italy's UniCredit has today launched a surprise €10 billion bid for domestic peer Banco BPM, which CEO Andrea Orcel said would take precedence over any potential move on Germany's Commerzbank.

Business • 25 Nov 24

The purchase of the 9% stake makes UniCredit one of Commerzbank's largest shareholders

UniCredit buys Commerzbank stake from Germany

Italy's UniCredit said today that it had acquired a 9% stake in Germany's Commerzbank and will "explore value creating opportunities for all stakeholders in both banks".

Business • 11 Sep 24

Italy is advancing plans to re-privatise the world's oldest bank after a failed first attempt in 2021

Italy further cuts Monte dei Paschi stake, raises €650m

Italy has sold a further 12.5% stake in bailed-out lender Monte dei Paschi di Siena, pocketing €650m and advancing plans to re-privatise the world's oldest bank after a failed first attempt in 2021.

Business • 27 Mar 24

Unicredit is Italy's only bank deemed by supervisors to be of global systemic relevance

UniCredit tops forecast with 36% profit jump

Italy's UniCredit has today beaten third-quarter profit forecasts as higher rates boosted income, but kept its full-year profit goal, saying it needed time to decide how to best use this year's "exceptional" growth in earnings.

Business • 24 Oct 23

Italian banks