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

Finance

This credit card behavior is an under-the-radar risk: ‘Be very careful,’ expert says

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Key Points “Credit cycling” is potentially risky behavior with credit cards, but isn’t widely known, experts said. It involves repeatedly maxing out cards and paying down the balance, effectively letting cardholders spend beyond their allotted credit limit. Card companies could close users’ accounts and cancel their rewards, among other risks, experts said. Source

Finance

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Check out the companies making headlines in midday trading: Oil stocks — Energy stocks climbed amid a jump in oil prices after Israel launched airstrikes against Iran without U.S. support, drawing concerns over the supply outlook from the oil-rich Persian Gulf. Chevron and Exxon Mobil were both up around 1% each, but off their highs […]

Finance

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