Oldest bank in the world, Monte Dei Paschi, to get bought?
Italian bank Monte Dei Paschi (BMPS) has had quite the saga over the last 9 months. It all started back in September 2025, when BMPS initiated a hostile takeover of investment bank Mediobanca for $19B. BMPS CEO, Luigi Lovaglio, then presented a plan for delisting Mediobanca and expanding the bank into international markets. The departing board for the bank did not like this plan and decided to remove Luigi as CEO, revoke his powers and cancel his contract. Then, in a surprise move, the banks shareholders voted to reinstall Luigi as CEO and picked a new board and chairman. However, in another…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.