Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 31, 2025

Fitch says MPS bid for Mediobanca carries risks, but too early to assess

MILAN (Reuters) - Monte dei Paschi di Siena's acquisition of bigger rival Mediobanca would be challenging to implement if the Tuscan bank's bid succeeded, Fitch Ratings said on Friday.

While any assessment is premature, Fitch said MPS' ratings would likely be unaffected in the short term under the proposed terms of the transaction.

However, the credit rating agency flagged risks Mediobanca could lose clients or staff given that MPS is perceived "as a weaker and less specialised peer" in corporate investment banking and wealth management.

"MPS' plan to operate both brands with a high degree of independence could mitigate these risks, but this faces execution risks," it said.

(Reporting by Valentina Za, editing by Gianluca Semeraro)

Recommended for you

  • RapidCents Enhances Merchant Payment Processing and Chargeback Protection with DeepSeek AI

  • Automakers urge USDOT to quickly restart federal EV charging program

  • International Criminal Court prosecutor Khan first to be hit by U.S. sanctions, sources say