The 2025 of the Italian banking sector, between failed mergers and excessive constraints, has shown the tension between national interests and European rules, with Unicredit-Bpm the symbol of the crisis
CEO Gavalda on Banco BPM: "We're waiting for a proposal. Maybe one day it will happen, but the deal hasn't started yet," ruling out the sale of the Italian branch for cash. Meanwhile, Amundi is preparing for any scenario with Unicredit and is focusing on private banking...
EU stocks are up on the eve of the ECB meeting. Iveco and Stellantis surge at the Milan Stock Exchange, while Banco BPM slides after the Unicredit takeover bid was halted. New scenarios are on the horizon, including Crédit Agricole. Follow the LIVE coverage.
After filing a complaint with Consob, Banco Bpm raises the stakes and turns to the Antitrust, accusing Unicredit of trying to hinder its strategic operations
The expansion and redevelopment of the ports of Naples and Salerno are part of a larger project that will be carried out by Rcm Costruzioni, a Salerno company of the Rainone Group
The stock would be mainly composed of non-performing loans. The objective is to further improve the quality of the assets
Two banks support a centenary company from the South for a new completely green mill.
The availability of credit drops in the US and investors fear the credit crunch. Even the ECB hawks are pulling the brakes. The spread goes up
The institution will be able to calculate the group's consolidated capital ratios by treating insurance investments as risk-weighted assets rather than deducting them from capital
The operation, with a duration of 36 months, was conducted by Banco BPM in the role of Agent Bank, BPER Banca and UniCredit
Contrasted price lists awaiting the minutes that the Fed will release in the evening - Concerns about the new drop in oil and fears about Korea's warlike moves also contributed to curbing trading - Piazza Affari closes…
In the middle of the day, Piazza Affari seems to take a break to reflect after Mario Draghi's words on Qe. Bank stocks remain positive with the spotlight on Ubi Banca, Banco Bpm and Bper. Intesa Sanpaolo also did well. The…
The Milanese bank has organized the 131 million loan, disbursed by a group of banks, which allows the economic-financial rebalancing envisaged in the business plan for 2018 to be achieved in advance
The shareholders' meeting of Banco Popolare Bpm, the third Italian bank born from the merger between Banco Popolare and BPM, approved the 2016 financial statements, which closed with a loss of 1,2 billion mainly due to adjustments to credit losses…
The race for purchases in view of the formation of a stable nucleus of shareholders gives Banco Bpm a new sprint, for the second consecutive day king of Piazza Affari, which closed in progress - The performance of the others was also positive…
The absence of obstacles to the merger between Bpm and Banco Popolare by the Council of State sends the securities of the two Popolari into orbit in Piazza Affari which becomes the pink jersey of the stock exchanges in Europe, also thanks to the boom…
The triumphal march of the Biscione continues (+5% in the middle of the session) after Vivendi's overbearing entry into the capital - While Banco Popolare and Bpm recover after the merger deed, proceeds prevail over Unicredit and Montepaschi and…
The shares of the company resulting from the operation, Banco Bpm, will be listed on Piazza Affari from next January 2nd
The shares subject to withdrawal will be offered as an option to shareholders until 27 December and subsequently possibly offered on the market.
The institute "reaffirms the full formal and substantial correctness of the process that led to the approval of the merger plan" with Banco Popolare
Faced with market fears about a possible slowdown in the merger with Bpm following new findings from the ECB, the bank led by Saviotti was keen to clarify today that the definitive results have not yet arrived...
The stake, held indirectly through the subsidiaries Morgan Stanley & Co International and Morgan Stanley & Co Llc, is represented by shares with voting rights for 0,019%.
"We are on time on everything" said Bpm CEO Giuseppe Castagna, but did not go into detail on Thursday's meeting in Frankfurt with the ECB
Balance sheet adjustments before the wedding send Banco Popolare's accounts for the first nine months of the year into the red and extraordinary charges reduce the profit of Bpm, which closes the first nine months with 88 million net profits
Cautious European price lists waiting for Draghi - In Frankfurt Lufthansa rises sharply towing air transport stocks - Oil takes a break after the recoveries of recent days - Among the banks MPS continues its run, slowing down…
Today Montepaschi's Board of Directors to examine the Passera plan - The market looks favorably on Unicredit's moves for Pekao - Bpm, technical adjustments for the marriage with Banco Popolare, which could trigger other mergers - Weak start for…
Generali, Telecom Italia, Leonardo, Bper and Unipol drag the Milan Stock Exchange upwards (+0,23%) despite the profit taking on Bpm after the go-ahead for the merger with Banco Popolare and the gains on Campari, Recordati, Ferragamo and …
Piazza Affari has little movement, the other European lists are weaker - In Milan Leonardo up on the talks for Mbda - Generali and the Unipol team rise - Weak start for the Btp Italia.
After an upward start for Banco Popolare, the stock is now suspended in a volatility auction. The shares are approaching the expected exchange value of the merger
With 7.314 yes out of 10.198 voters, the painful assembly of Banca Popolare di Milano approves the merger with Banco Popolare and gives life to the third Italian banking group - Banco's plebiscitary yes (99,5% consensus) - Fratta…
Rises of over 6% for Banco Popolare and Bpm in view of tomorrow's shareholders' meetings on the merger give Piazza Affari a boost (+1,98%) which becomes the queen of Europe - Bper and Unipol also do well - All positive…
China is less scary after the positive data on inflation and there is expectation for Yellen's intervention in the afternoon - Listini recovering in Europe and Piazza Affari is galvanized by the Popolari, even the big ones are doing well - Oil in…
The Stock Exchange rewards the speed with which Mustier is carrying out the Unicredit disposal program to reduce the capital increase, while the unions are blocking the merger of Bpm with Banco Popolare in view of Saturday's shareholders' meetings -…
Wednesday 12 October was a day full of news on the financial front: if it is true that the Stock Exchange experienced a flat session, there was instead a lot of movement on the banking, editorial and trade union front - Here is the summary of FIRSTonline,…
The merger between Banca Popolare di Milano and Banco Popolare is the only way to guarantee the stability of the Italian banking system - This is the opinion of the Fisac Cgil, Fabi, First Cisl, Uilca, Unisin and Sinfub unions who give…
Anticipation is growing for Saturday's meeting of the Bpm which must decide on the merger with Banco Popolare - The CEO Castagna: "We expect a large attendance. Record requests for participation" - Today the annual Bot auction - Currencies and the…
Surprising leap in Italian production in August +4,1% - Positive European price lists in the middle of the day - Signs of recovery from the pound, euro and oil drop - Atlantia advances on the Ftse Mib, while the banks proceed at two speeds: in…
The Mexican peso gives Clinton victory over Trump - Pound sterling even weaker against the euro and the dollar - US quarterly reports are underway and Yellen speaks on Friday - Italian banks still in the spotlight - Btp, in…
There are already over 10 (but they should still rise) registered for the shareholders' meeting of Banca Popolare di Milano (Bpm) on Saturday 15 October, which must resolve on the transformation into a joint stock company and on the merger with Banco Popolare which, if approved, will…
The number one of Banca Popolare di Milano, Giuseppe Castagna, once again pleads the cause of the merger with Banco Popolare, stating that if the shareholders do not approve it, the bank would be "easily scalable" and its employees would find themselves "without…
Banks, energy and insurance are the most penalized sectors in all of Europe - At the bottom of the Ftse Mib are Saipem (-4,97%), Unipol (-4,38%), Banco Popolare (-4,28%), Ubi Banca (-4,19%) and Banca Pop Milano (-3,99%).
The Fed effect continues on the markets while oil rises and in Frankfurt Deutsche Bank regains share (+3,5%) - Saipem supestar, Total separates from Erg - Amazon over 800 dollars for the first time - Snam blitz in Austria -…
Disappointment for the German Zew index cools the sprint triggered by the Fed's message on rates - European markets are weak - Luxury stocks soar in Milan and banks slow down - Stm and…
Yellen's closest collaborator assures that "cautiousness is needed" on rate hikes and Wall Street is regaining share - Positive futures also on European stock exchanges after yesterday's declines - Good news from China - Al Nasdaq…
The appointment to the shareholders was given "to deliberate on the merger project through the establishment of a new banking company in the form of a joint-stock company".
Definitive green light from the ECB for the wedding between Banca Popolare di Milano and Banco Popolare, on which the Bank of Italy had already expressed its favor - Now only the pronouncement of the shareholders' meetings of the two banks is missing
Day of reflection on the European squares. Milan is no exception: the spotlight remains focused on MPS and on the BPM-Bpop wedding on which the ECB's ok is expected during the day. Insurance companies save themselves from the underlying weakness, going against the trend also…
The sudden resignation of Viola as CEO of Mps (Morelli is in pole position for the succession) and the go-ahead from the Bank of Italy for the merger between Bpm and Banco Popolare in the spotlight of Piazza Affari - Utilities rally…
Three big news for Italian banks: after 4 years, the CEO of Monte del Paschi, Fabrizio Viola, leaves the leadership of the Sienese bank; Bank of Italy in agreement with the Bank of Italy authorizes the merger between Bpm and Banca Popolare; Unicredit sells a…
Positive European price lists, utilities are the driving force in Piazza Affari - Enel leads, promoted by Goldman Sachs - Eni and Tenaris also do well - The green light from Brussels for the wedding between the two Popolari should arrive this week…
The agreement between Riyadh and Moscow gives a boost to oil and the sector's stocks benefit from it, but the two popular companies (Bpm and Banco Popolare) are especially active in Piazza Affari, which are waiting days for the definitive go-ahead from the ECB to…
While awaiting the final go-ahead from the ECB for the merger of the two Popolari, the roles of the various subsidiaries are being defined: Banca Akros will become the only corporate and investment bank of the group while Banca Aletti will do private banking and will absorb…
As a result of the adjustments, Banco Popolare closes the first half of 2016 with a net loss of 380,2 million euro but Cet1 rises to 14,8% thanks to the recent capital increase - Saviotti: "We are solid and liquid, we suffer…
Neither the Bank of England nor Japan are adopting an anti-crisis strategy based on unlimited liquidity but the theme will be at the center of the meeting of central bankers in Jackson Hole - Awaiting data on US jobs -…
Banca Popolare di Milano closed the first half of 2016 with profits of 158 million (+2,6%) - The level of capitalization also improved - Castagna: "The merger with Banco Popolare will take effect from 2017 January XNUMX" -…
At this point, all eyes are on the results of the Banco Popolare stress test, which could give the definitive seal to the first banking integration announced in Italy after the crisis.
In view of the merger with Banco Popolare, Bpm is pressing to acquire the remaining 36% of the Mantua bank - La Popolare di Mantova will become the new network bank with the Bpm Spa brand.
After the capital increase of the Veronese institute, the marriage between the two banks accelerates towards the establishment of the new Parent Company - The exchange ratios provide for one share of the parent company for each Banco Popolare share and for each 6,386 shares…
The rumors about upcoming measures to support the banks, currently under negotiation between Rome and Brussels, cause bank shares to rebound and relaunch Piazza Affari which records a rise of 3,3% - Exploit of over…
After five consecutive knockouts, the stock exchanges find the strength to rebound and Piazza Affari gains 1,5% - The recovery of the banks is decisive with the exploits of Banco Popolare and Bpm - Fashion is also doing well with Moncler and Ferragamo in…
Even today Piazza Affari is the worst stock exchange in Europe (-2,91%): FtseMib below 17 thousand basis points - Losses between 9 and 10% for Bpm, Banco Popolare and Mps - Saipem and Banca also fell sharply Mediolanum…
The Brexit hypothesis frightens the markets - Other factors of uncertainty are the Fed's decision on interest rates and the Spanish elections - Banks fall in Piazza Affari: Unicredit is weighed down by the long lead times for the appointment of the new CEO -…
European stock exchanges weak at the start of the session: caution prevails in anticipation of the referendum on Brexit - Yields on government bonds at low levels - Banks, Leonardo, FCA and Unipol do badly on the Ftse Mib - Only Exor is saved…
Exploit in Piazza Affari of the two banks close to getting married and the Milan stock exchange becomes the best in Europe - Mps and the oil companies also do well - Acea suffers, however, on which the Raggi effect weighs - All the European price lists are positive…
Banco Popolare's 6 billion euro capital increase kicks off on Monday 1 June, preparatory to the wedding with Bpm - The new shares will be offered at 2,14 euros with a 29,3% discount - The rights will be negotiable…
Courtesy of "il Mulino" we are publishing the introduction by Rony Hamaui to his new book "Jews of Milan", which the author will present on Sunday 29 May at the Rotonda della Besana in Milan (12 noon, Festival Jewish#150 in the City) and the chapter…
Piazza Affari rewards the banks of the Banco Popolare-Bpm merger with increases of 8% and also Unicredit after Ghizzoni's resignation but it all stems from an announcement by the ECB on a possible solution at European level for problem bank loans -…
The takeover bid by Bonomi and the historical partners of RCS sends the stock flying while Cairo ponders what to do - The Bpm-Banco Popolare plan and Cattaneo's cuts in Telecom are appreciated by the market - Oil at its highest for the year…
The takeover bid by Bonomi and its historical partners sends Rcs flying but Piazza Affari also appreciates the new industrial plan for the merger between Banco Popolare and Bpm - Corre Telecom - Bene Buzzi and Fineco - Sales on the Agnelli galaxy,…
Castagna and Saviotti today presented the new industrial plan that will arise from the merger between Bpm and Banco Popolare and which the Stock Exchange shows it likes: the goal is one billion in net profit in 2019, a payout of 40%,…
After three weeks of reductions, Piazza Affari tries to raise its head with an eye on the plan that Bpm and Banco Popolare present today in view of the wedding but also on the maneuvers on RCS where Andrea Bonomi is evaluating whether to launch…
Giuseppe Castagna and Pier Francesco Saviotti, the numbers one of Bpm and Banco Popolare, present on Monday 16 May the 1017-9 industrial plan of the bank which will be born from the marriage and which will become the third Italian banking center - The goal is to achieve…
Fears about the next capital increase and bad bank debts are once again dragging down the stock of Banco Popolare, which loses 9% and partly infects BPM (-6,38%) sinking Piazza Affari (-1,3%) , also as a result of…
The negative trend in financial markets weighs on the profits of the two banks destined to marry - In the case of Bpm, however, the result is better than expected - In the case of Banco Popolare, the increase in coverage of non-performing loans weighs.
Banco Popolare's shareholders' meeting, which was attended by 18 shareholders, approved the proposed 1 billion euro capital increase, requested by the ECB to give its consent to the wedding with the Bpm
Nicola Rossi is the new chairman of the Supervisory Board of Banca Popolare di Milano which is about to merge with Banco Popolare: he was elected yesterday by the bank's shareholders' meeting led by Giuseppe Castagna, who is one of the main…
European markets are weak in the middle of the day - Stm runs on the Ftse Mib in the wake of indiscretion on the possible change of CEO - Good Bpm and Banco Pop: possible upgrade coming from Moody's - FCA unchanged…
Bank bad debts, wedding among the Popolari, capital increases and vicissitudes of the entire sector at the center of the maxi-summit on banks held on Tuesday at Palazzo Chigi while the banks suffered yet another black day in Piazza Affari
All the backlit accounts of the bank that will arise from the merger between Banco Popolare and Bpm and the market response - After the wedding and the transformation into a Spa, the former shareholders of Bpm will have 46% and those…
The UBI shareholders' meeting has appointed the new Supervisory Board, of which the entrepreneur Andrea Moltrasio will be the chairman, and approved the distribution of a dividend of 0,11 euros per share - BPM agrees to appoint former MP Nicola …
The board of directors of the bank led by Saviotti approves the one billion euro pre-merger increase proposal which will be submitted to the shareholders' meeting on May 7 - With the increase in convertible and convertible bonds
Waiting for Yellen to speak today, 4 news livened up Wall Street: 1) the debut of Batman vs Superman sent Time Warner flying; 2) the end of the FBI-Apple confrontation; 3) the negotiations for the purchase of Yahoo!…
After yesterday's declines, trading on the Stock Exchange in Piazza Affari will resume on Tuesday 29 - Rain of sells on the banks and difficult debut for the Superpopular Bpm-Banco, which pays the penalty for the capital increase but has the numbers to…
Piazza Affari leaves the field 1,61%, the other European markets are also negative - The drop in crude oil and the strengthening of the dollar, driven by the expectation of a rate hike in April, weigh on the stock markets.
The CEO of Banco Popolare adds to his regret about leaving the leadership of Superpopular for having had to accept an increase deemed unnecessary - "We will have a blue-eyed bank, as the ECB wants" - The CEO will…
All European markets in red - In Milan the banks, initially on the rise, are now in negative territory - The market's response to the credit merger is cautious - Asset management is heavy - Plus sign only for…
After the green light for the merger, the shares of Bpm and Banco Popolare are today highly volatile - Sale Mondadori after the green light for the merger with Rcs Libri from the Antitrust - Oil companies are heavy after yet another drop in crude oil…
The drop in oil and the rise of the dollar change the course of the markets but the Milan Stock Exchange celebrates the expected marriage between Banco Popolare and the Bpm and Minister Padoan tweets: "The reforms work, the Popolari change: the more…
The go-ahead for the merger between Banco Popolare and Bpm and the approval of the CCB reform in the Chamber are two excellent news that arise from the Renzi government's determination to modernize and strengthen the banking system with reforms…
Green light for the merger: the third Italian banking group is born, leader in the richest areas of the country - It will have 2.500 branches, 25 employees and 4 million customers - The shareholders of the Banco, which will make a capital increase…
The green light from the Eurotower is informal and preliminary - The operation now awaits final approval by the councils of the two institutes
European markets recover after the attacks in Brussels, but in Milan the rebound collides with the flop of Telecom and Mediaset - Spotlight on Banco Popolare and Bpm: shares suspended pending the decisions of the Boards on…
Piazza Affari is waiting ad horas for the white smoke for the merger between the two cooperative banks from which the third Italian banking group will be born - Futures indicate a slight rise in the stock markets after yesterday's stability - Mediaset and…
Negative price lists after the attacks in the Belgian capital - Banks are doing badly in Milan - Cattaneo towards the leadership of Telecom: today the Board of Directors for Patuano's resignation - Bpm-Banco Pop: wedding closer with possible increase in…
Cattaneo (Ntv) towards the leadership of Telecom Italia: today the board of directors due to the resignation of Patuano - Tomorrow the boards of Bpm and Banco Popolare: wedding closer with possible capital increase or more sales - Apple is not enthusiastic…
After the clear determination to satisfy the ECB's requests to achieve the merger, Bpm and Banco Popolare fly to the Stock Exchange and pull the sprint to Piazza Affari, the only stock market in Europe in positive territory - Sparks also for Exor,…
Milan is the best in Europe, in the middle of the day, driven by the wait for the white smoke on the wedding between the two Popolari. The shock in Telecom Italia, with the exit of Marco Patuano, is the other hot topic on the Stock Exchange as it cools down…
After the government's intervention and Saviotti's openness to the possibility of a capital increase, the market is betting on a positive solution despite the harsh conditions set by the ECB
Eyes on Telecom Italia for the Patuano-Cattaneo relay which will bring many new features, from Tim Brazil to the towers - Even more tense on the eve of the possible Bpm-Banco Popolare wedding, which must give the final answer to the ECB on difficult loans and…
Banco Popolare's assembly relaunches the wedding with the Bpm and CEO Saviotti announces: "The fruits of the merger will soon" - After the appreciation of Minister Padoan and Prime Minister Renzi, a representative of the ECB was also present in the room to whom…
