{
David Arden

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UniCredit to launch Banco BPM tender as China's banks face profit decline

UniCredit is set to launch its €14bn all-share tender offer for Banco BPM from April 28 to June 23, following regulatory approvals. Meanwhile, China's largest banks report record low net interest margins at 1.48%, reflecting economic pressures and a push for credit expansion. In the UK, former Metro Bank executives accuse the FCA of inadequate supervision leading to a £900mn accounting error, while UBS has relaxed investment restrictions on defence companies amid rising geopolitical tensions, aligning with similar moves by other European firms.
thebanker.com
Euro Banco BPM S.p.A. Industrial And Commercial Bank Of China Ltd Bank of China Limited Metro Bank PLC UniCredit S.p.A. Credit Agricole FRA CHE ITA GBR CHN USA Craig Donaldson David Arden Show more
Finance & Economy, News Article
11:36 02.04.2025
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