Intesa Sanpaolo has announced they are looking at bank mergers in Europe but not a tie-up with rival Il Sole 24 Ore , as we noted Last week . Last week financial daily Il Sole 24 Ore said an investment bank had pitched the idea of a merger between Italy’s top two banks with the possible involvement of Banca Monte dei Paschi di Siena. "When the conditions are right we will certainly assess external growth but in this regard, tying up with or buying European banks makes no sense", said Giovanni Bazoli Chairman, Giovanni Bazoli .
Intesa Sanpaolo has announced they are looking at bank mergers in Europe but not a tie-up with rival Il Sole 24 Ore , as we noted Last week . "When the conditions are right we will certainly assess external growth but in this regard, tying up with or buying European banks makes no sense", said Giovanni Bazoli Chairman, Giovanni Bazoli .