Italian journalist and analyst Mario Seminerio's comment on the hostile tender offering that a minor, limping government-backed local bank (Monte Paschi di Siena) is doing to a big, Italian commercial bank (Mediobanca), with the Government's placet, basically with the unspoken purpose of remunerating the biggest shareholders of Mediobanca (who are also Monte Paschi's) at the expense of taxpayers and MPS's investors.
January 26, 2025 320 7
