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Banco BPM is looking to increase seats reserved for minority shareholders as it prepares to appoint a new board, two sources said, after France's Credit Agricole strengthened its ties with the Italian bank.
France's lender Credit Agricole said on Monday it had received European Central Bank approval to raise its stake in Italian Banco BPM above 20%, cementing its position as a long-term shareholder in Italy's third-largest bank.
The European Central Bank (ECB) is close to clearing, with conditions, a request by France's Credit Agricole to raise its stake in Italy's Banco BPM , several Italian media reported on Sunday.
Banco BPM Chief Executive Giuseppe Castagna said on Thursday his bank had not examined any deal with France's Credit Agricole and had nothing on the table regarding Monte dei Paschi di Siena , though any future opportunity would be assessed carefully.
Italy's UniCredit has given up on plans to acquire smaller rival bank Banco BPM , Chief Executive Andrea Orcel said on Wednesday.
UniCredit plans to file on Monday an appeal with Italy's top administrative court over government-set terms for its failed takeover bid for rival Banco BPM , two sources with knowledge of the matter said.
Banco BPM S.p.A. (OTCPK:BNCZF) Q3 2025 Earnings Call November 6, 2025 12:00 PM EST Company Participants Arne Riscassi - Investor Relations Manager Giuseppe Castagna - CEO & Director Edoardo Ginevra - Co-GM & CFO Conference Call Participants Giovanni Razzoli - Deutsche Bank AG, Research Division Manuela Meroni - Intesa Sanpaolo Equity Research Sofie Caroline Peterzens - Goldman Sachs Group, Inc., Research Division Luis Pratas - Bernstein Autonomous LLP Hugo Moniz Marques Da Cruz - Keefe, Bruyette, & Woods, Inc., Research Division Ignacio Ulargui - BNP Paribas, Research Division Delphine Lee - JPMorgan Chase & Co, Research Division Adele Palama - UBS Investment Bank, Research Division Matteo Panchetti - Mediobanca - Banca di credito finanziario S.p.A.
Italian bank Banco BPM on Thursday posted a higher-than-expected quarterly profit helped by higher net fees after its recent purchase of fund manager Anima Holding, which more than offset falling income from lending.
Monte dei Paschi (MPS) is focused on completing in the shortest time possible its integration with Mediobanca , the CEO of the Tuscan bank said when asked about possible interest for Banco BPM.
Rome will set conditions on a possible tie-up between Banco BPM and the Italian unit of France's Credit Agricole , Economy Minister Giancarlo Giorgetti said on Wednesday.
Credit Agricole has been working with Deutsche Bank and Rothschild on a potential merger deal of its Italian arm with Banco BPM , three sources said.
Banco BPM Chief Executive Giuseppe Castagna said on Thursday that a merger with the Italian arm of France's Credit Agricole was the "clearest opportunity" for his bank, but there were others, such as a deal with Monte dei Paschi.
Italy would focus on protecting small business lending and domestic savings in a tie-up between Banco BPM and the local arm of French Credit Agricole , the head of the lower house's finance committee said, adding a bank's nationality was not an issue in itself.
Banco BPM on Tuesday reported higher then expected quarterly earnings helped by fees earned through newly acquired fund manager Anima Holding, and confirmed the full-year outlook after staving off a takeover by lager peer UniCredit.
French bank Credit Agricole has acquired a further 0.3% of Banco BPM via derivatives, raising its stake in Italy's third-biggest bank to 20.1%, a regulatory filing showed on Monday.
Italy's Banco BPM is looking at extraordinary operations and has several options on the table, its CEO Giuseppe Castagna told Italian daily La Stampa on Wednesday.
Italy will tell the European Union the terms it imposed on UniCredit's bid for Banco BPM remain in place even after the collapse of the deal, sources said, responding to criticism from Brussels that could ultimately lead to disciplinary steps.
A potential tie-up between Banco BPM and Monte dei Paschi di Siena (MPS) could only be considered once the Tuscan bank completes its takeover bid for Mediobanca , Banco BPM investor Davide Leone said on Tuesday.
UniCredit CEO Andrea Orcel discusses the bank's second-quarter results and it's M&A ambitions. ----- Subscribe: @CNBCInternationalLive Subscribe to CNBC International: @CNBCInternational LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci
UniCredit raised its full-year net profit guidance, moving on from its now abandoned attempt to take over Italian peer Banco BPM amid a row with Rome.