{ }
001122334455554433221100
001122334455554433221100

credit agricole secures ecb approval to boost banco bpm investment

Credit Agricole has received approval from the European Central Bank to increase its stake in Banco BPM. This move is part of the bank's strategy to strengthen its position in the Italian banking sector. The decision reflects ongoing consolidation trends within European financial markets.

unicredit to launch buyout offer for banco bpm amid credit agricole stake increase

UniCredit will launch its buyout offer for Banco BPM on April 28, coinciding with Credit Agricole's announcement of securing approval to increase its stake to 19.9%. Despite ruling out a counterbid, Credit Agricole remains a significant obstacle for UniCredit's CEO Andrea Orcel, who aims to consolidate the Italian banking sector. The offer, valued at €14 billion, will run until June 23, amidst a backdrop of rising profits in Italy's banking industry following recent reforms.

credit agricole increases stake in banco bpm to 19.8 percent

Credit Agricole has received approval from the European Central Bank to increase its stake in Banco BPM, now holding 19.8%. The French bank clarified that it does not plan to make a public offer for the Italian lender's capital.

uniCredit prepares 14 billion euro bid for banco BPM amid credit agricole stake increase

Credit Agricole has increased its stake in Banco BPM, complicating UniCredit's upcoming €14 billion tender offer set for April 28. UniCredit's bid, cleared by Consob, will run until June 23, while Credit Agricole aims to maintain its commercial interests in Italy amid ongoing M&A activity in the banking sector. UniCredit's CEO, Andrea Orcel, has invited BPM investors to discussions, emphasizing the need for equal treatment of shareholders.

Credit Agricole to Boost Stake in Banco BPM to 19.9 Percent

Credit Agricole has received authorization from the ECB to increase its stake in Banco BPM S.p.A. to 19.9%. As Italy's third largest banking group, Banco BPM operates across six key areas, including private and investment banking, insurance, and asset management, with a network of 1,437 branches and significant current deposits and loans totaling EUR 102.5 billion and EUR 129.3 billion, respectively.

european bank ceos see record salaries amid rising profits in 2024

In 2024, Sergio Ermotti, CEO of UBS, topped the list of Europe's highest-paid bankers with a salary of 15.6 million euros, followed by Andrea Orcel of Unicredit at 13.2 million euros, marking a 32% increase. The average salary for CEOs of the top 10 European banks was 7 million euros, driven by exceptional profits from rising interest rates. Despite the substantial compensation, criticism arose regarding the high pay of bank executives, prompting Unicredit to defend Orcel's salary increase as essential for long-term commitment in a competitive market.

Sergio Ermotti tops Europe's banker earnings with 15.6 million euros in 2024

In 2024, UBS CEO Sergio Ermotti topped the list of Europe's highest-paid bankers with earnings of €15.6 million, followed by UniCredit's Andrea Orcel at €13.2 million, marking a 32% increase. Deutsche Bank's Christian Sewing rounded out the top three with €9.8 million. The surge in salaries is attributed to significant bank profits and rising stock prices.

sergio ermotti tops european bank ceo earnings in 2024

Sergio Ermotti, CEO of UBS, topped the list of highest-paid CEOs among European banks in 2024, earning 14.9 million Swiss francs. UniCredit's Andrea Orcel received the largest raise, bringing his total to 13.2 million euros, while Deutsche Bank's Christian Sewing followed with 9.8 million euros. Other notable figures include Santander's Hector Grisi at 8.3 million euros and BBVA's Onur Genc at 7.3 million euros, with the lowest compensation reported at 2.6 million euros for Credit Agricole's Philippe Brassac.

highest paid european bank ceo in 2024 is ubs sergio ermotti

Sergio Ermotti, CEO of UBS, topped the list of highest-paid CEOs among Europe's largest banks in 2024, earning 14.9 million Swiss francs. UniCredit's Andrea Orcel followed with a significant raise to 13.2 million euros, while Deutsche Bank's Christian Sewing earned 9.8 million euros. Many banks benefited from rising interest rates, leading to increased profits and higher compensation for executives.

no stabilisation carried out for ontex group nv securities offering

BNP Paribas announced that no stabilisation was carried out for the EUR 400 million offer of Ontex Group NV's 5.25% securities due April 2025. The announcement clarifies that the securities are not available for sale in the United States and have not been registered under the U.S. Securities Act.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.