UniCredit's board of directors has announced the withdrawal of its bid for Banco BPM, after months of negotiations and intervention by the Italian government. The bank's reasoning behind the decision ...

Some ministers have called for use of 'golden powers' Golden powers allow only limited curbs on deal, sources say UniCredit scuppers Italy plans for Banco BPM-MPS tie up Ruling coalition divided on ...

UniCredit lodged an appeal with the Council of State — the supreme administrative court of Italy and the government's main legal advisor — against a ruling by the Regional Administrative Court (TAR) ...

Investing.com -- Banco BPM’s long-discussed merger with Credit Agricole Italia would offer strong industrial logic but faces hurdles tied to Italy’s Golden Power rules, according to JPMorgan. Analysts ...

The group's board of directors announced that it had decided to abandon the takeover due to the Italian government's use of golden power, which had prolonged the negotiations too much, preventing ...