Mps has cleared a twin swap bid for Banco Bpm and Banca Generali, worth about €34 billion, to counter Intesa Sanpaolo and forge a new Italian bank with European weight.

The board of Italy's third-largest and the world's oldest bank, Monte dei Paschi di Siena (MPS), was on Thursday weighing CEO Luigi Lovaglio's proposals for two potential…

Il cda di Mps ha approvato il piano sottoposto dall'amministratore delegato, Luigi Lovaglio, di promuovere due offerte di scambio separate su Banco Bpm e Banca Generali, nel…