Intesa Sanpaolo Gets ECB Approval to Take Control of Monte dei Paschi di Siena

Italy's biggest bank Intesa Sanpaolo MILSEDEX:I05808 said on Tuesday it had received the European Central Bank's authorisation to take control of Monte dei Paschi di Siena MIL:BMPS, in a major step towards launching its €32 billion ($36 billion) takeover offer.While widely expected, the ECB's green…