The Italian banking sector is experiencing a real earthquake that could completely change the current landscape. The latest plot twist was protagonized by Monte dei Paschi di Siena (MPS), the world's oldest bank founded in 1472, which last week presented an offer of 34 billion euros to acquire the Italian entities Banca Popolare di Milano (BPM) and Banca Generali. This move is the latest chapter in a war of hostile bids in which several entities are battling to eliminate competitors and strengthen their position within a national market where growth is increasingly difficult. Amidst these tug-of-wars, Italy also aspires to lead the chapter of cross-border mergers, creating the first pan-European banking giant. All this, under the watchful eye of Giorgia Meloni's government, with a key role in some of these operations.

Monte dei Paschi di Siena (MPS), the oldest bank in the world, has reappeared with all its strength in the struggle that the Italian banking sector is experiencing. After receiving the approval of its board of directors, the Tuscan entity presented this Friday an offer of 34 billion euros to buy the Italian banks BPM and Banca Generali.