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Intesa Sanpaolo SpA engages in the provision of financial products and banking services. It operates through the following segments: Banca dei Territori, IMI Corporate and Investment Banking, International Subsidiary Banks, Private Banking, Asset Management, and Insurance. The Banca dei Territori segment oversees the traditional lending and deposit collection activities in Italy. The IMI Corporate and Investment Banking segment deals with corporate and investment banking; and acts as a partner for corporates, public administration, and financial institutions. The International Subsidiary…

Italy's Monte dei Paschi di Siena (MPS) regards the premium implied in a €30.6 billion ($34.9 billion) unsolicited takeover bid from rival Intesa Sanpaolo as too low, the bank said on Thursday.

Italy's biggest bank Intesa Sanpaolo on Thursday said it had completed the cloud migration of its core IT systems, joining a handful of European banks that have managed to move away from legacy technology.

Intesa Sanpaolo has committed to consulting with Italy's government over future decisions affecting insurer Generali , sources said on Monday, as part of assurances the bank offered Rome regarding its plan to take over Monte dei Paschi.

Intesa Sanpaolo's unsolicited €30.6 billion ($35 billion) cash-and-share bid for Monte dei Paschi di Siena (MPS) seeks to cement its domestic supremacy at a time when rival UniCredit is closing in on Germany's Commerzbank.

Intesa Sanpaolo shareholder Compagnia di San Paolo backs the bank's bid for Banca Monte dei Paschi di Siena (MPS) , the chairman of the banking foundation, Marco Gilli, told daily La Stampa on Thursday.