Private-credit firms tend to accept much higher loan-to-value ratios than banks, raising default risks, Moody's says. Bank of New York Mellon logged higher-than-expected earnings and revenue in the ...

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Brussels clashes with Rome over UniCredit’s Banco BPM takeover. ROME - The European Commission has raised serious concerns about Italy’s use of its “golden power” mechanism in UniCredit’s €10 billion ...

Italy has been hit by a preliminary EU warning over its restrictions on UniCredit’s planned takeover of Banco BPM.

The Financial Times covers a range of developments, including the UK's subsidy program for electric vehicles, LVMH's labor ...

The European Commission cries foul over Italy’s use of national security rules to effectively block UniCredit’s bid for BPM.

The European Commission said on Monday that special conditions set by Rome on Italian bank UniCredit's takeover bid for its smaller rival Banco BPM may be in breach of EU rules.

A clash between Italy and the European Commission over whether Rome has the right to impose tough conditions on domestic bank mergers escalated on Monday, when a warning letter from Brussels drew a ...

Rome’s use of the ‘Gold Power’ rule to impose conditions on the merger is controversial because the two companies are both ...

The European Union said Italy's intervention in the proposed takeover of lender Banco BPM by larger peer UniCredit potentially breaches European rules on mergers.