Banco BPM

Luigi Lovaglio, head of Monte dei Paschi di Siena, said a UniCredit intervention in the bank is "an option", signalling openness to a possible deal. He also commented on Intesa Sanpaolo's takeover offer for Banco BPM, saying the price should be revised. His remarks are drawing attention in Italy as consolidation among the country's banks accelerates.

Credit Agricole is studying a range of options to strengthen its business in Italy, including a possible acquisition of Banco BPM, in which the French bank already holds a stake of almost 30%. The two groups have been long-time partners, and a full takeover would mark a significant consolidation step in the Italian banking market. Observers are watching whether the French lender will move ahead with a bid.