The offer for Banco BPM values the lender at €25.3bn, while the bid for Banca Generali values it at €8.7bn.

The all-share bids for Banco BPM and Banca Generali comes as Monte dei Paschi fights off a takeover offer from Intesa Sanpaolo.

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.View on euronews

The all-share bids for Banco BPM and Banca Generali comes as Monte dei Paschi fights off a takeover offer from Intesa Sanpaolo.

Banca Monte dei Paschi is seeking to buy two separate banks for a combined value of 34 billion ($40 billion) as it seeks to prevent being bought by rival Intesa Sanpaolo. The Italian lender said it's launching an all-share bid for Banco BPM valuing it at 25.3 billion and another one for Banca Generali valuing it 8.7 billion, according to a statement Friday, confirming an earlier Bloomberg News report. Tommaso Ebhardt reports from Milan.

Investing.com -- Monte dei Paschi di Siena is preparing twin all-share takeover bids for Banco Bpm SpA (BIT:BAMI) and Banca Generali (BIT:BGN) as it seeks to block an unsolicited acquisition attempt by Intesa Sanpaolo, according to a report from the Financial Times. A majority of the board at the Tuscan lender has backed the plan, which aims to forge an enlarged financial group boasting a combined market capitalization of approximately €70 billion. Under the proposed structure, MPS would launch

CEO Luigi Lovaglio's plan aims to bolster MPS and fend off Intesa Sanpaolo's 30.5-billion-euro Opas. Approved with nine votes in favour and four abstentions.View on euronews

Italy's largest bank Intesa Sanpaolo revealed a $966 million SpaceX stake after cutting its Bitcoin ETF holdings by 94%.

The Italian bank made SpaceX one-third of its disclosed U.S. equity portfolio.

SpaceX dominates the endowment's U.S. stock portfolio. Summary

SpaceX (Nasdaq: SPCX) went public on June 12, 2026, at $135 per share in a record-setting IPO that raised $85.7 billion. Shares closed at $140 on August 14, placing the company's market value at approximately $1.85 trillion and sitting 3.7% above the offering price — meaning early institutional holders like Harvard are sitting on paper gains even before accounting for their original cost basis, which has not been disclosed.

The insurer has reached an agreement to purchase a business made up of about 635 MPS branches.

The Italian bank said that it is analyzing, together with advisors, its strategic options as rival Intesa Sanpaolo proceeds with a $35 billion takeover bid.

In Bitcoin ETF news today, Intesa Sanpaolo, Italy’s largest bank, filed its Q2 2026 Form 13F, the SEC’s mandatory quarterly disclosure of institutional long positions in US-listed securities, on August 4, and the numbers tell a sharp story. The bank slashed its BlackRock iShares Bitcoin Trust (IBIT) position by roughly ...

Today, Aug. 4, 2026, waning geopolitical tensions and spot ETF inflows are keeping major crypto assets in positive territory.

Intesa Sanpaolo cut its Bitcoin ETF stake 94% and tripled its staked Ethereum holdings. Are institutions ditching Bitcoin for Ethereum?