Commerzbank and Banco BPM are test cases that ask if we, as a bloc, are serious about greater integration
Two of Italy’s most powerful — and most contrasting — business figures clash over Banca Popolare di Milano
French lender’s stake-building comes in wake of €10.1bn takeover offer from Andrea Orcel’s bank
Plus, Northvolt’s bankruptcy leads to investor losses and Blackstone teams up with energy giant in new financing deal
Two months ago UniCredit swooped on Germany’s Commerzbank. Now the dealmaker is bidding for Banco BPM
Bid for domestic competitor hits shares in Germany’s Commerzbank, which had been viewed as a target
Lowball offer for BPM is unlikely to succeed but gives UniCredit’s chief room for manoeuvre
Italian lender sidestepped bank ownership rules to build 21% position in German rival
The controversial move on Commerzbank would be the first big cross-border deal in Europe since the financial crisis
Support for open-minded talks with Italian bank comes despite hardening political opposition to potential takeover
UniCredit chief faces stiff opposition from German government and irritation within the ECB
Plus, Murdoch vies for property listings group Rightmove and a private equity continuation fund’s collapse shows the vehicles’ pitfalls
Italian lender raised its stake in German rival from about 9 per cent to 21 per cent through derivatives
After advising on the disastrous break-up of ABN Amro, the banker appears to be positioning UniCredit for a takeover of its German rival
German lender puts ‘everything under review’ after Italian rival builds 9% stake
Former UBS dealmaker has contemplated tie-up with state-backed German lender for years but Berlin may balk
Plus, Wall Street succeeds in bringing down new capital rules and Adnoc goes after a German chemicals giant
Its shares have quadrupled, but the Italian bank must decide where to expand — and how to quit Russia
Executives at European lenders have long called for consolidation to compete with US and Asia rivals
Payout comes as Italian bank reports better than expected quarterly profits
Approval comes as investors prepare to vote on pay package for chief executive Andrea Orcel
Shareholders might well question some aspects of the Italian banker’s new package
Italy’s second-largest lender has been one of the best-performing banks in Europe
Plus, Occidental Petroleum’s miraculous comeback and Deutsche Telekom’s CEO has some regrets
Bank ordered to pay €43.5mn in compensation for aborted offer but will appeal to Supreme Court
