Italy’s Banca Monte dei Paschi di Siena launched an 13.3 billion-euro ($13.86 billion) offer to buy peer Mediobanca Banca di Credito Finanziario, the latest sign of dealmaking appetite among European banks.

Italian bank Monte dei Paschi di Siena (MPS)'s all-share buyout offer for Mediobanca on Friday is the latest surprise twist of an increasingly complex banking saga. Long-awaited Italian banking consolidation has taken off in recent months,

Bailed-out lender Monte dei Paschi di Siena (MPS) launched on Friday a 13.3 billion euro ($13.9 billion) all-share buyout offer for Mediobanca , in the latest surprise twist of a complex Italian banking saga.

Around 220,000 people live on Italy’s tiny islands. As local pharmacies and doctors’ offices continue to close, these small communities are often struggling to access health care – and feeling increasingly neglected by Rome.

Italian opposition lawmakers and human rights groups are voicing outrage after Italy released a Libyan warlord wanted by the International Criminal Court.

The deal could potentially help both Monte dei Paschi and Mediobanca maintain a robust capital position, as well as deliver profits.

Italian bank Monte dei Paschi di Siena said Friday that it was launching a bid for its larger rival Mediobanca in a potential 13.3 billion euro ($13.9 billion) deal that

Foodies owner sues Taste of Italy for $450,000, alleging defamation and assault after Facebook group owner refused to delete comment about restaurant

An American who was convicted and later acquitted of the 2007 murder of her British housemate, Ms. Knox was found guilty of falsely accusing someone else of the crime.

Amanda Knox implicated barman Patrick Lumumba in the 2007 murder of her flatmate Meredith Kercher in Italy. She described the Thursday ruling as "surreal."

Italy plans to begin refilling its natural gas storage facilities early this year to avoid potential price spikes during the summer months.