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Key facts today

EU Commissioner Maria Luis Albuquerque highlighted challenges in European bank mergers, specifically noting UniCredit's bid for Commerzbank and Germany's resistance complicating the process.

The EU Commissioner raised concerns over Italy's 'golden power' law affecting bank mergers, including UniCredit's bid for Banco BPM, with EU actions expected around November 12-13.

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About UniCredit S.p.A.

UniCredit SpA engages in the provision of banking and financial solutions. It operates through the following geographical segments: Italy, Germany, Central Europe, Eastern Europe, Russia, and Group Corporate Centre. The company was founded in 1870 and is headquartered in Milan, Italy.

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