UniCredit on Friday filed its buyout offer for rival Banco BPM BAMI.MI with Italy's market regulator, and CEO Andrea Orcel said the price was adequate.
UniCredit , Italy's second largest bank, said on Wednesday the European Central Bank had set a bank-specific core capital requirement of 10.27% for 2025, up from the 10.03% minimum level set for 2024.
Italy's unfolding banking takeover tussles have been long in the making and are predicted to go on for several months.
UniCredit CEO Andrea Orcel has been drawing up plans to take over Banco BPM for years and was almost ready to pull the trigger, two sources close to the matter said.
UniCredit and Credit Agricole held a first meeting over Italy's Banco BPM after the latter invested in rival Monte dei Paschi di Siena but the talks proved fruitless, la Repubblica daily reported.
Credit Agricole said it bought financial contracts that could raise its stake in Banco BPM to 15.1% at a time when the Italian bank is being targeted by larger rival UniCredit in a $10 billion-plus bi
UniCredit is ready to sit down with Credit Agricole , a spokesperson for the Italian bank said in a LinkedIn post after the French lender increased its potential stake in Unicredit's takeover target B
Italian bank Banco BPM is preparing to give Citigroup and Lazard a mandate to advise over an unsolicited takeover bid by rival UniCredit , three people close to the matter said.
Italian bank UniCredit said a German probe over alleged tax fraud concerned a single former client, after its Munich offices were raided on Friday.
Italian bank UniCredit's unit in Munich has been raided as part of a possible 200-million-euro value-added tax (VAT) fraud investigation, Bloomberg News reported on Friday, citing a person familiar wi
Analysts say that UniCredit could sweeten its spurned all-stock proposal to acquire Italian domestic peer Banco BPM by tacking on a cash component. UniCredit is "more exposed to changes in interest ra

UniCredit: Will It Be The Next Leading EU Bank?

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UniCredit's voluntary tender offer for Banco BPM, worth €10.1 billion, aims to create a market leader in Italian loans/deposits with a potential earnings uplift. UniCredit's Q3 net operating profit
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Italy has limited scope to intervene in UniCredit's swoop for smaller rival Banco BPM through its "golden powers", which some ministers see as a way to have leverage over the deal, people close to the
UniCredit has until March to evaluate improving its takeover bid for Banco BPM , CEO Andrea Orcel told an investor call on Wednesday according to a person who attended the virtual meeting.
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