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Banco BPM Launches €50B Merger Talks with Monte dei Paschi

6/7/2026

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Summary

Story summary

On 7 June 2026 Banco BPM’s board unanimously approved sending Monte dei Paschi a letter to start merger talks.
The merger would form Italy’s second-largest bank, valued over €50 billion, and generate €1.1 billion in pretax synergies.
Banco BPM expects earnings per share to increase more than 10% and says the government, led by Prime Minister Giorgia Meloni, backs the new banking pole.

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Story summary

On 7 June 2026 Banco BPM’s board unanimously approved sending Monte dei Paschi a letter to start merger talks.
The merger would form Italy’s second-largest bank, valued over €50 billion, and generate €1.1 billion in pretax synergies.
Banco BPM expects earnings per share to increase more than 10% and says the government, led by Prime Minister Giorgia Meloni, backs the new banking pole.