Italian lender Monte dei Paschi di Siena has launched a €13.3bn takeover offer for its larger domestic rival Mediobanca. The offer, announced on Friday, values Mediobanca’s shares at €15.99 each, a 5 ...

The UK Financial Conduct Authority has said the next steps to progress open banking in the UK will include a new independent firm to “drive forward” variable recurring payments, following the lead of ...