Dow Jones Top Financial Services Headlines at 12 AM ET: Intesa Bids $35 Billion for Monte dei Paschi | For ...

Bidding war erupts for world’s oldest bank as Italy’s Intesa gatecrashes BPM offer

Intesa on Monday announced an unsolicited offer of $35.3 billion, hoping to usurp its rival and create Europe's second-biggest ​bank by market capitalization.