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UniCredit lifts profit guidance, leaving Banco BPM bid behind

The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Emanuele Cremaschi | Getty Images News | Getty Images UniCredit on Wednesday posted a sharp second-quarter profit hike and lifted its full-year guidance, a day after withdrawing its takeover bid for Italian peer Banco BPM amid opposition from Rome. … Read more

Italian court confirms UniCredit must exit Russia to complete BPM takeover

Stay informed with free updates Simply sign up to the European banks myFT Digest — delivered directly to your inbox. An Italian court has confirmed that lender UniCredit must comply with a government demand to exit from Russia if it wishes to complete the takeover of rival Banco BPM, in a blow to chief executive … Read more

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