Who controls whom in Italy's latest banking M&A chess game
Italy's Monte dei Paschi di Siena approved twin bids for rival Banco BPM and wealth manager Banca Generali as a countermove to fend off a hostile takeover approach from larger rival Intesa Sanpaolo.
Why it matters — This banking-sector M&A item is unrelated to Genesco's retail operations, so it carries no direct bearing for GCO watchers.