The Italian banking sector is currently undergoing a transformative period, marked by intense mergers and acquisitions (M&A) activity. Two major players, Monte dei Paschi di Siena $BMPS.MI and Mediobanca $MB.MI, recently reported better-than-expected quarterly profits, which has fueled speculation about their future strategies. Both banks, backed by significant state support, are facing increasing pressure from hostile takeovers, making their strategic moves crucial in determining their roles in Italy’s financial landscape.