UniCredit , Italy's second-biggest bank, has received European Central Bank authorisation for its 14 billion euro all-share offer to buy smaller rival Banco BPM.
Banco BPM CEO Giuseppe Castagna on Friday rebuffed concerns raised by suitor UniCredit about the impact on BPM's ability to lend of a regulatory setback it suffered in its bid for fund manager Anima H
Shareholders in UniCredit on Thursday approved the bank's remuneration policy for 2025 and last year's pay policy, shrugging off recommendations by leading governance advisers to reject the proposals.
UniCredit is compliant with demands by the European Central Bank on the reduction of its Russian business, and even ahead of some of the supervisors' requests, CEO Andrea Orcel said on Thursday.
UniCredit will only proceed with a proposed buyout of rival Banco BPM at the right terms, and can easily return to a “very positive, if not extraordinary” standalone path, its chief executive Andr
Commerzbank's supervisory board created a special committee to discuss UniCredit's stake in the German lender and met five times in 2024, Commerzbank disclosed on Wednesday in its annual report.
Europe's second-highest court on Wednesday sided with EU antitrust regulators which four years ago penalised UBS , UniCredit , Nomura , Bank of America , Natixis and Portigon for taking part in a gove
A group of Banco BPM investors, holding 6.51% of the lender, said on Tuesday they backed a plan which envisages a standalone growth of the bank, a statement said, indirectly expressing its opposition
Commerzbank hasn't had talks with UniCredit since the Italian lender last week got approval from the European Central Bank for taking a stake of just under 30%, Commerzbank CEO Bettina Orlopp said on
UniCredit's CEO Andrea Orcel said on Wednesday he was "less optimistic" about the prospects for sizeable European banking consolidation than a few months ago because bank bosses were growing increasin
A deadline for German antitrust authorities to give possible initial approval for Italy's UniCredit in taking a substantial stake in Germany's Commerzbank expires on April 14, a spokesperson for the r
The European Central Bank has given UniCredit approval to buy up to 29.9% of Commerzbank , the Italian bank said on Friday, adding it would likely wait until next year before deciding whether to pursu
The Italian bank said it had received authorization to increase its holding in the potential takeover target to up to 29.9%.
Commerzbank said on Friday that the European Central Bank's authorization for UniCredit to increase its stake in the German bank to just under 30% does not change the "fundamental situation".
The European Central Bank has given UniCredit approval to buy up to 29.9% of Commerzbank , the Italian bank said on Friday, potentially paving the way for CEO Andrea Orcel to pursue a takeover of Germ
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