Italy looks like fertile ground for a mega merger deal in banking

Italy looks like fertile ground for a mega merger deal in banking


Key Points
  • “If you assess individual banks in Italy, it’s difficult not to believe that something will happen, I would say, over the next 12 months or so,” Antonio Reale, co-head of European banks at Bank of America, told CNBC.
  • Speaking in March, Italy’s Economy Minister Giancarlo Giorgetti said “there is a specific commitment” with the European Commission on the divestment of the government stake on BMPS.
  • Paola Sabbione, an analyst at Barclays, believes there would be a high bar for Italian banking M&A if it does occur.



Source

Jamie Dimon says ‘watch out’ as lofty asset prices add to economic risks: ‘My anxiety is high’
Finance

Jamie Dimon says ‘watch out’ as lofty asset prices add to economic risks: ‘My anxiety is high’

Key Points Even as economists tout the Trump administration’s tax and deregulatory policies as boosting economic growth this year, JPMorgan Chase CEO Dimon said that his own tendencies were to consider what could go wrong. “My own view is people are getting a little comfortable that this is real, these high asset prices and high […]

Read More
Supreme Court ruling throws Trump administration’s tariff strategy into flux. What it means for global trade, U.S. economy
Finance

Supreme Court ruling throws Trump administration’s tariff strategy into flux. What it means for global trade, U.S. economy

Key Points U.S. President Donald Trump’s decision to reimplement tariffs after the Supreme Court struck some down only served to aggravate global trade tensions. As uncertainties rise, foreign governments and big businesses are likely to adopt more cautious stances on investments as well as imports and exports, particularly on deals that involve the U.S. — […]

Read More
Stocks making the biggest moves midday: KKR, Blackstone, CrowdStrike, International Paper & more
Finance

Stocks making the biggest moves midday: KKR, Blackstone, CrowdStrike, International Paper & more

Check out the companies making the biggest moves midday: Financials — The financials sector of the S & P 500 slid more than 3% in midday trading, the worst performer in the broad market. Alternative asset managers KKR and Blackstone slid roughly 9% and 7%, respectively, after activist hedge fund Saba Capital Management and Cox […]

Read More