The survey also reflected a profound awareness of the need for BPM, with 95% of respondents saying they are somewhat or extremely sensitized to the need for better business process management.

Credit Agricole got the all clear to take a bigger stake in Italy's Banco BPM , posing a hurdle to UniCredit which said on Wednesday it would launch its 14 billion euro ($15 billion) tender offer ...

Authorities in the Russian republic of Chechnya are banning music they consider either too fast or too slow, effectively criminalizing many genres. The Chechen Ministry of Culture announced the ...

UniCredit reminded Banco BPM shareholders on Monday it could withdraw its buyout offer for their bank if BPM investors agreed to back a more costly bid for fund manager Anima Holding .

UniCredit late on Tuesday said it was withdrawing the offer, blaming government intervention in the process, which it said deprived Banco BPM shareholders, as well as Italy's economy, of a good ...

Italy is working on a new decree which is set to reimpose most of its conditions for UniCredit SpA’s planned takeover of Banco BPM SpA, underscoring Rome’s continued resistance to the bid.

UniCredit put forward a €10bn bid for BPM in November just weeks after it had built a substantial stake in Commerzbank. The offer, which took Rome by surprise, was immediately rejected by BPM.

Banco BPM was seen as a potential candidate to merge with Monte Paschi. This is the second suspension ordered by Consob on the bid. In May the regulator already halted the bid for 30 days.

UniCredit on Monday said its all-stock offer valued each Banco BPM share at €6.66 and the deal, if agreed, would create Europe’s third-largest lender by market capitalisation.

The French bank said that the ECB on Tuesday authorized Credit Agricole to cross the 10% threshold in the Italian bank’s share capital and to hold up to a 19.9% stake in Banco BPM.