MILAN Italy's depositor protection fund (FITD) has opened up Banca Carige's books to potential suitors in a bid to draw a line under the bank's troubles by selling it off after rescuing it in 2019, three sources close to the matter said.
MILAN A small investment by Italian financial group Unipol in a local bank could put an end to the waiting game in Italian bank consolidation, aiding Rome's efforts to finally cut its stake in ailing Monte dei Paschi (MPS).
MILAN Italian financial group Unipol has raised its stake in Popolare di Sondrio to 7%, in a move that may ease a tie-up between the regional bank and bigger rival BPER Banca.
* Proposal had raised chance of UniCredit takeover of Banco
MILAN, May 6 Italy's Banco BPM said on
Thursday it would accelerate its bad loans clean as it prepares
for a merger deal, after higher-than-forecast revenues drove
its quarter profit above analyst expectations.
Italy's third-largest bank has been actively looking for a
merger partner after rival UBI was snapped up by Intesa
Sanpaolo's last year.
Banco BPM, which has reduced the amount of defaulted debt on
its balance sheet, said it would further sell bad loans worth
1.5 billion euros ($1.8 billion) by June.
PARIS/MILAN Euronext on Thursday completed its takeover of the Milan bourse and announced a 1.8 billion euros ($2.2 billion) share sale to fund a deal that turns Italy into the core trading venue of the pan-European stock exchange.
MILAN (Reuters) -Credit Agricole sealed its $1 billion takeover bid for Creval on Friday, in a move that strengthens its foothold in Italy's consolidating banking sector - its biggest market outside France.
MILAN, April 22 The head of Italy's Banco BPM
has not been in contact with the newly-appointed chief
executive of rival UniCredit, a spokeswoman for Banco BPM said
on Thursday, after a report the two had met over a potential