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. Banco BPM estimated earnings per share would rise by more than 10%, driven by annual pre-tax benefits of more than 1.1 billion euros. The announcement could

Tag-uri: UniCredit Bank Italia