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Banco BPM, UniCredit

Reuters on MSN · 2h

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.

Hosted on MSN · 1d

Banco BPM says UniCredit's 'unusual' $10.5 billion takeover offer does not reflect its profitability

Italian lender Banco BPM on Tuesday said the unexpected takeover offer by domestic rival UniCredit does not reflect its profitability and could reduce its legal autonomy. UniCredit offered to snap up Banco BPM for roughly $10.

UniCredit takeover could cost thousands of jobs, warns Banco BPM boss

The smaller Italian lender had previously flagged "serious concerns" about the "employment and social impacts" of a potential merger.

2d

UniCredit’s BPM Curveball Leaves Meloni Scrambling on Banking Plan

UniCredit SpA’s surprise bid for Banco BPM SpA has left Prime Minister Giorgia Meloni’s government struggling to work out if ...

1d

Orcel’s Next Battle Shapes Up as Banco BPM Rejects UniCredit Bid

Banco BPM SpA rebuffed an unsolicited approach by UniCredit SpA, saying its takeover proposal wasn’t agreed in advance, is ...

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