Reported about 3 hours ago
UniCredit CEO Andrea Orcel noted that the Italian government's cautious reaction to the bank's unsolicited €10 billion bid for Banco BPM is expected, as any banking changes require careful evaluation. This response follows UniCredit's recent acquisition of a stake in Commerzbank, which raised concerns in Germany. Orcel emphasized that the offer complements UniCredit's position and would positively impact customers.
Source: YAHOO