Italy's largest bank, Intesa Sanpaolo, has received ECB approval to take over Monte dei Pachi di Siena, according to Reuters. The value of the deal is estimated at 32 billion euros ($36 billion). The offer is expected to be accepted in November by the Italian securities regulator Consob and the country's trust authority.

Italy's largest bank, Intesa Sanpaolo, has received ECB approval to take over Monte dei Pachi di Siena, according to Reuters. The value of the deal is estimated at 32 billion euros ($36 billion). The offer is expected to be accepted in November by the Italian securities regulator Consob and the country's trust authority.