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ING Groep is in early discussions with Italy's Banca Popolare di Sondrio as part of its European expansion strategy, although no formal offer is expected. This potential bid would compete with BPER Banca's recent €4.3 billion all-share offer for Sondrio, which is also under defensive strategies against takeover attempts.
The US is investigating Russian accounts that UBS acquired from Credit Suisse, amid heightened scrutiny of the bank's handling of these clients following the latter's collapse. The inquiry by the Treasury's OFAC emphasizes the risks associated with managing Russian money due to extensive sanctions imposed after the Ukraine invasion. UBS is reportedly cooperating with the investigation while working to mitigate potential fallout by isolating suspect funds.
Elisa Martinuzzi
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ing explores potential bid for banca popolare di sondrio amid takeover activity
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19:40 29.03.2025
us scrutinizes ubss handling of russian accounts after credit suisse acquisition
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11:25 13.11.2024
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