Italy's UniCredit posted a sharp rise in quarterly profit on Wednesday despite lower revenues, a day after it withdrew its offer for smaller rival Banco BPM due to government interference. Late ...

UniCredit on Wednesday posted a sharp second-quarter profit hike and lifted its full-year guidance, a day after withdrawing its takeover bid for Italian peer Banco BPM amid opposition from Rome. Italy ...

UniCredit (OTCPK:UNCFF) (OTCPK:UNCRY) has withdrawn its offer to buy Banco BPM (OTCPK:BNCZF), it said on Tuesday, after failing to secure timely state approval in a setback the bank called a missed ...

An Italian court lifted two conditions imposed by officials on UniCredit's bid for Banco BPM, while upholding others, marking the latest development in a takeover battle set to reshape the country's ...

The bank's results come a day after it announced it was withdrawing its bid to acquire Banco BPM, whose offer period was due to naturally expire on Wednesday." To be honest, it had become a drag on us ...