US-EU trade deal is a ‘dark day’ for Europe, says French PM Trump tariff of 15% means European exporters will face more than triple the average 4.8% levy now in force The Guardian - UK · Jul 28, 2025
UniCredit Boosts Outlook After Walking Away From Banco BPM Italy's UniCredit posted a sharp rise in quarterly profit on Wednesday despite lower revenues, a day after it withdrew its offer for smaller rival Banco BPM due to government interference. International Business Times · Jul 23, 2025
‘Best year ever’: UniCredit delivers record earnings, raises 2025 outlook UniCredit delivers record-breaking second-quarter results, boosting confidence with stronger full-year outlook and new share buy-back. CEO Orcel calls it the best first half in the bank’s history. Euronews · Jul 23, 2025
UniCredit withdraws bid for Banco BPM due to 'golden power' uncertainty The group's board of directors announced that it had decided to abandon the takeover due to the Italian government's use of golden power, which had prolonged the negotiations too much, preventing UniCredit from talking to BPM's shareholders Euronews · Jul 23, 2025
ECB Expected To Hold Rates As Trump Tariff Uncertainty Lingers The European Central Bank is set to hold interest rates for the first time in almost a year when policymakers meet this week, despite concerns over the potential impact of higher US tariffs on the eurozone economy. International Business Times · Jul 21, 2025
UniCredit Banco BPM merger battle deepens as Brussels warns Italy against unlawful interference Rome’s use of the ‘Gold Power’ rule to impose conditions on the merger is controversial because the two companies are both Italian and there is no apparent threat to national security. Euronews · Jul 14, 2025
Here's why a strong euro could be bad news for European companies The euro’s sharp rise in 2025 is putting pressure on European corporate earnings. Second-quarter reports are expected to show weaker profits, while a stronger currency and softening demand weigh on sales and margins across key sectors. Euronews · Jul 9, 2025
Commerzbank Commits To Strategy As UniCredit Ups Direct Stake German lender Commerzbank said Wednesday it was committed to its strategy after Italian bank UniCredit formally upped its stake in its rival, laying the ground for a potential takeover bid. International Business Times · Jul 9, 2025
Trump’s ‘revenge tax’ could threaten foreign investment into US, analysts say Concerns raised that section 899 could backfire and also undermine dollar’s safe haven status The Guardian - UK · Jun 16, 2025
French lender BPCE to buy Portugal's Novo Banco in major merger deal Novo Banco spun out of the collapsed Banco Espirito Santo (BES) in 2014 after a state bailout. US investor Lone Star, which bought its stake in Novo Banco in 2017, is now offloading it. Euronews · Jun 13, 2025
Germany's Commerzbank Staff Protest UniCredit Takeover Threat Dressed as a Gallic warrior fighting Roman invaders or wearing the yellow of the Commerzbank logo, employees from the German lender protested Thursday against any takeover attempt by Italy's UniCredit. International Business Times · May 15, 2025
UniCredit lifts outlook as it beats expectations with record profit Italy’s second biggest lender posted its highest net profit ever for the first three months of 2025, the period that the bank called the ‘best quarter in history’ in its earnings report. Euronews · May 12, 2025
Commerzbank reports profit surge as it fends off UniCredit bid The German lender reported its ‘best quarterly result since the first quarter of 2011’ as it attempts to fend off Unicredit’s takeover efforts. Euronews · May 9, 2025
German Lender Commerzbank's Profits Jump As It Fends Off UniCredit Revenues at Germany's second-biggest lender increased almost 12 percent to 3.1 billion euros, boosted by better than forecast interest and commission income. International Business Times · May 9, 2025
International Business Times · Apr 17, 2025 ECB Ready To Cut Rates Again As Trump Tariffs Shake Eurozone European Central Bank policymakers look increasingly likely to cut interest rates again on Thursday, with US President Donald Trump's stop-start tariff announcements sowing concern in the eurozone.
Euronews · Apr 2, 2025 France’s Crédit Agricole gains ECB nod to raise stake in Banco BPM The green light comes as Italian bank UniCredit prepares to launch a buyout offer for Banco BPM, which could be complicated by CA’s stake.
International Business Times · Mar 14, 2025 UniCredit Gets ECB Nod For Commerzbank Stake Italian banking giant UniCredit said Friday it had secured approval from the European Central Bank to buy up to 29.9 percent of Commerzbank, opening the door to a possible takeover of its German rival.
International Business Times · Feb 13, 2025 Germany's Commerzbank To Cut Jobs To Fight Off UniCredit German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to fight off pressure for a tie-up from Italian bank UniCredit.
The Independent UK · Jan 24, 2025 Italian bank Monte dei Paschi launches 13 billion euro takeover bid for peer Mediobanca Italian bank Monte dei Paschi di Siena has announced it is launching a 13.3 billion euro takeover bid for larger peer Mediobanca in a surprise move that could reshape the country’s banking sector
International Business Times · Jan 24, 2025 Italy's Monte Dei Paschi Bids 13.3 Bn Euros For Mediobanca Italian bank Monte dei Paschi di Siena said Friday that it was launching a bid for its larger rival Mediobanca in a potential 13.3 billion euro ($13.9 billion) deal that could help reshape the country's banking sector.
International Business Times · Jan 20, 2025 Job Cuts Report Worries Employees At Germany's Commerzbank Suggestions that German lender Commerzbank was considering cutting thousands of jobs as it fights off an unwanted advance from Italy's UniCredit had unsettled employees, a senior trade union official said Monday.
International Business Times · Dec 18, 2024 UniCredit Ups Pressure On Commerzbank, Fuelling German Anger Italian bank UniCredit said Wednesday it had boosted its stake in Germany's Commerzbank, intensifying takeover speculation and sparking condemnation from Berlin of an "unfriendly" move at a time the country is in political limbo.
Benzinga · Nov 30, 2024 Deal Dispatch: Stoli On The Rocks As US Business Goes Bankrupt, Ally Financial To Sell Credit Card Unit The Container Store faces potential bankruptcy after failing to secure a $40 million financial deal and more M&A news from the week.
International Business Times · Nov 25, 2024 Awaiting Commerzbank, Italy's UniCredit Bids For Italian Rival With its plans for Germany's Commerzbank seemingly stalled, UniCredit, Italy's second-largest lender, launched Monday a bid to buy its rival BPM for 10.1 billion euros ($10.6 billion).
International Business Times · Nov 6, 2024 UniCredit Says Needs A Year To Decide Commerzbank Deal The chief executive of Italy's UniCredit bank said Wednesday there would be no decision on a possible takeover of German rival Commerzbank for at least a year.