Banco BPM invites MPS to $58 billion merger talks to form Italy's second-biggest bank

A Banco BPM SpA bank branch in Milan, Italy, on Nov. 15, 2024. Bloomberg | Bloomberg | Getty Images Italy's Banco BPM said on Sunday it would invite Banca Monte dei Paschi di Siena to discuss a potential tie-up that would create the country's second-biggest banking group, overtaking UniCredit. The long-mooted deal, which UniCredit has sought to block, would create a group worth around 50 billion euros ($58 billion) on the Milan bourse. …