Sonia Sirletti

UniCredit SpA won regulatory approval from the European Central Bank to take over Banco BPM SpA, a smaller Italian competitor.

UniCredit SpA is assessing alternatives to a sales agreement with Credit Agricole SA’s funds unit amid signs that the French bank doesn’t support the Italian lender’s takeover bid for a smaller domestic rival, Banco BPM SpA.

Intesa Sanpaolo SpA plans to sell a significant risk transfer tied to a portfolio of corporate loans, according to people familiar with the matter, as lenders look to bolster defences amid global tariff tensions.

Pacific Investment Management Co is set to back Banca Monte dei Paschi di Siena SpA’s bid for rival Mediobanca SpA at a crucial investor meeting next week, people familiar with the matter said.

Norway’s sovereign wealth fund, which owns a stake of more than 2.5% in Banca Monte dei Paschi di Siena SpA, plans to back the Italian bank’s bid for competitor Mediobanca SpA at a crucial investor meeting next week.

Credit Agricole SA has lifted its stake in Banco BPM SpA to 19.8%, according to a regulatory filing on Monday, as the Italian bank is facing an unsolicited takeover bid from rival UniCredit SpA.

Banco BPM SpA is set to back Banca Monte dei Paschi di Siena SpA’s bid for rival Mediobanca SpA at a crucial investor meeting this week.

Banca Monte dei Paschi di Siena SpA’s shareholders authorized Chief Executive Officer Luigi Lovaglio to go ahead with his bid for rival Mediobanca SpA, taking him a big step closer to his goal.

The Italian government will allow UniCredit SpA’s takeover bid for Banco BPM SpA to go ahead with some conditions, people familiar with the matter said.

UniCredit SpA said it can’t take a final decision on its proposed takeover of Banco BPM SpA, after Italy’s government imposed conditions on the deal.