The Fight Over the World’s Oldest Bank
NYT > Business·August 1, 2026

Banca Monte dei Paschi di Siena, founded in 1472, is facing a hostile takeover bid that has the people of Tuscany concerned. The bank has a long history, having endured numerous challenges including wars, pandemics, and scandals, and is considered a significant part of the region's heritage. Tuscans are worried about the potential impact of the takeover on the bank's operations and the local community. The bid has sparked a strong reaction, with many locals opposing the idea of the bank falling under external control.
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