BPER Banca

Money Moves

Set to merge with MPS under the Monte dei Paschi brand after Intesa's break-up plan.

Monte dei Paschi di Siena shareholders rejected CEO Luigi Lovaglio's defense plan on October 29, clearing the way for Intesa Sanpaolo's €33 billion takeover of the world's oldest bank. About 91% of votes cast opposed the rival offers for Banco BPM and Banca Generali.

Updated Nov 3