Steven Arons

A possible new force in Italian banking has begun to take shape, after regional lender Banco BPM SpA took a major stake in rival Banca Monte dei Paschi di Siena SpA.

New Italy Banking Force Begins to Emerge From Monte Paschi Deal Steven Arons 2 min read In This Article

UniCredit SpA Chief Executive Officer Andrea Orcel dismissed the idea that the lender could move its headquarters to Germany if it ends up buying Commerzbank AG.

UniCredit SpA informed top officials in the Italian government and Banco BPM SpA Chairman about its intention to make a takeover bid for its smaller rival before announcing the move on Monday, people with knowledge of the matter said.

Banco BPM SpA said the takeover bid it has received from UniCredit SpA wasn’t agreed in advance and isn’t in line with its performance.

France’s banking stocks slid on Wednesday, lagging further behind European peers, as a political standoff sent a measure of French bond risk to levels last seen during the euro-area debt crisis.

(Bloomberg) -- France's banking stocks slid on Wednesday, lagging further behind European peers, as a political standoff sent a measure of French bond risk to levels last seen during the euro-area debt crisis.

French Bank Stocks Pressured by Fears of a Government Crisis Julien Ponthus and Steven Arons 2 min read