Silvia Sciorilli Borrelli

UniCredit makes €10bn offer for Italian competitor Banco BPM and has no implications for Commerzbank investment, bank says

Two months ago Andrea Orcel swooped on Germany’s Commerzbank. Now the dealmaker is bidding for Banco BPM

Andrea Orcel’s move has frustrated Giorgia Meloni’s plan to merge state-backed Monte dei Paschi di Siena with BPM

Portuguese boss refused to budge on pace of EV transition as cries from suppliers, workers and government grew louder

Large part of Carlos Tavares’ performance-based remuneration lost due to the car company’s declining profits

Luxury scion’s Miu Miu brand is enjoying a boom, even in China, as rivals suffer from a broad pullback in spending

French lender’s stake-building comes in wake of €10.1bn offer from Andrea Orcel’s bank to merge

Comments from head of Italy’s largest bank Carlo Messina come as rival UniCredit battles opposition from Berlin and Rome