Business
Monte Dei Paschi Eyes Higher Earnings, Payouts After Mediobanca Integration
Banca Monte dei Paschi di Siena BMPS -6.76%decrease; red down pointing triangle pledged to return around 16 billion euros ($19 billion) to shareholders over the next five years and detailed targets for higher earnings as it progresses with the integration of recently acquired peer Mediobanca MB -6.24%decrease; red down pointing triangle.
The Italian group, which is considered the world’s oldest bank in operation and is still partly state-owned following a bailout, pursued its Milanese peer in a bid to marry Mediobanca’s heft in investment banking and wealth management with its own retail banking strength. The tie-up, which created the country’s third-largest lender by assets, is among the largest in a wave of consolidation sweeping the European banking sector.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8