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.

Home > Finance > No job cuts expected from potential MPS-Mediobanca deal - FABI union

Finance

No job cuts expected from potential MPS-Mediobanca deal - FABI union

Published by Global Banking and Finance Review

Posted on January 29, 2025

Featured image for article about Finance

MILAN (Reuters) - Italian banking union FABI does not expect redundancies from a potential deal between Banca Monte dei Paschi (MPS) and Mediobanca, its head Lando Maria Sileoni said on Wednesday.

Last week, MPS joined the consolidation wave sweeping Italian banking with a 13.3 billion euro ($13.96 billion) all-share offer to buy Mediobanca, which was welcomed by the Italian government, but puzzled analysts and investors.

(Reporting by Gianluca Semeraro; editing by Cristina Carlevaro)

More from Finance

Explore more articles in the Finance category

No drop in military aid to Kyiv since US policy shift, NATO official says

How is Britain's government doing on its housing targets?

Factbox-What are shipping companies' plans for return to Suez Canal?

Big central banks signal rate-cut cycle is ending

Embraer's Eve makes maiden flight of 'flying car' prototype

UK financial watchdog to investigate travel retailer WH Smith

Presses fall silent after mobs torch offices of Bangladesh's top newspapers

Ukraine can advise Poland on drone defence, Zelenskiy says in Warsaw

French government calls for Christmas truce in farmer protests

Renault escapes 'junk' bond rating after S&P upgrade

ECB's growth, inflation risks are large but balanced, Sleijpen says

Italy's BPER strikes deal with unions on 800 voluntary exits, 650 hires

View All Finance Posts