Mediobanca profit falls 11.8% hit by MPS, Banca Generali bid costs

Core Insights - Italian merchant bank Mediobanca reported an 11.8% year-on-year decline in quarterly net profit, primarily due to costs associated with its defense against Banca Monte dei Paschi's takeover bid, despite maintaining steady revenues [1] Financial Performance - The quarterly net profit fell by 11.8% compared to the previous year [1] - Revenues remained steady during the same period [1]