Italian bank CEOs prepare for new wave of mergers and acquisitions
Updated
Updated · Bloomberg · May 6
Italian bank CEOs prepare for new wave of mergers and acquisitions
9 articles · Updated · Bloomberg · May 6
UniCredit chief executive Andrea Orcel told analysts on Tuesday he is watching for opportunities in Italy's banking sector.
He said the domestic market remains fragmented and is headed for further consolidation, pointing to potential dealmaking among the country's biggest lenders.
The comments suggest Italy's finance industry could see another round of transactions as banks seek scale, efficiency and stronger competitive positions.
As Italian banks consolidate, are they hunting for smaller rivals or are they the ones being hunted in a larger European game?
As UniCredit bids for Germany's Commerzbank, will new EU rules and political resistance halt the creation of a European banking titan?