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Banco BPM, UniCredit

Reuters on MSN · 6h

Banco BPM boss warns of job losses in UniCredit deal

Italy's Banco BPM, the target of an unsolicited all-share offer announced by UniCredit, should remain an independent bank, its CEO said in a letter to staff on Wednesday, warning of big job cuts if the deal went through.

The Wall Street Journal on MSN · 1d

Italy’s Banco BPM Rebukes UniCredit’s $10 Billion-Plus Bid

The Italian lender rejected the offer from its larger rival, saying it undervalues the bank and creates uncertainty.

The Financial Times · 1d

Banco BPM rejects UniCredit takeover bid

UniCredit on Monday launched a €10.1bn takeover bid for BPM, Italy’s third-largest bank, surprising the market and the country’s political establishment.

1d

Credit Agricole has not applied to ECB to cross 9.9% holding in Banco BPM, spokesperson says

Credit Agricole has not applied to gain European Central Bank authorisation to cross the 9.9% threshold with its holding in ...

2d

European stocks tick higher as global markets rally; UniCredit falls 5% after making offer for Banco BPM

European stocks are expected to open higher Monday as global market sentiment rises. The U.K.'s FTSE 100 index is expected to ...

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