UniCredit, Banco BPM Deal Should Face Reduced Regulatory Scrutiny -- Market Talk

Dow Jones

Nov 25, 2024

1218 GMT - UniCredit's takeover of Banco BPM should face less regulatory scrutiny than other similar deals because of the limited overlap between the two banks, ING analyst Suvi Platerink Kosonen writes. UniCredit said that it plans to keep BPM's branch network and clients broadly the same after the takeover, Kosonen says. UniCredit also said that after a deal, there would be a risk of market dominance in only 10% of Italian provinces. UniCredit also considers the two franchises to be highly complementary, Kosonen adds. The deal is a good fit for UniCredit, the analyst says. However, the transaction will eat into UniCredit's excess capital buffers, which ING regards as one of its core strengths. UniCredit shares trade down 4.4% at 36.43 euros, while Banco BPM shares trade up 1.6% at 6.75 euros. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

November 25, 2024 07:18 ET (12:18 GMT)

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UniCredit said that it plans to keep BPM's branch network and clients broadly the same after the takeover, Kosonen says. UniCredit also said that after a deal, there would be a risk of market dominance in only 10% of Italian provinces. UniCredit also considers the two franchises to be highly complementary, Kosonen adds. The deal is a good fit for UniCredit, the analyst says. However, the transaction will eat into UniCredit's excess capital buffers, which ING regards as one of its core strengths. UniCredit shares trade down 4.4% at 36.43 euros, while Banco BPM shares trade up 1.6% at 6.75 euros. (adam.whittaker@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 25, 2024 07:18 ET (12:18 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UniCredit, Banco BPM Deal Should Face Reduced Regulatory Scrutiny -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUniCredit, Banco BPM Deal Should Face Reduced Regulatory Scrutiny -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-25 20:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1218 GMT - UniCredit's takeover of Banco BPM should face less regulatory scrutiny than other similar deals because of the limited overlap between the two banks, ING analyst Suvi Platerink Kosonen writes. UniCredit said that it plans to keep BPM's branch network and clients broadly the same after the takeover, Kosonen says. UniCredit also said that after a deal, there would be a risk of market dominance in only 10% of Italian provinces. UniCredit also considers the two franchises to be highly complementary, Kosonen adds. The deal is a good fit for UniCredit, the analyst says. However, the transaction will eat into UniCredit's excess capital buffers, which ING regards as one of its core strengths. UniCredit shares trade down 4.4% at 36.43 euros, while Banco BPM shares trade up 1.6% at 6.75 euros. (adam.whittaker@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 25, 2024 07:18 ET (12:18 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486608351","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486608351","pubTimestamp":1732537080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1218 GMT - UniCredit's takeover of Banco BPM should face less regulatory scrutiny than other similar deals because of the limited overlap between the two banks, ING analyst Suvi Platerink Kosonen writes. UniCredit said that it plans to keep BPM's branch network and clients broadly the same after the takeover, Kosonen says. UniCredit also said that after a deal, there would be a risk of market dominance in only 10% of Italian provinces. UniCredit also considers the two franchises to be highly complementary, Kosonen adds. The deal is a good fit for UniCredit, the analyst says. However, the transaction will eat into UniCredit's excess capital buffers, which ING regards as one of its core strengths. UniCredit shares trade down 4.4% at 36.43 euros, while Banco BPM shares trade up 1.6% at 6.75 euros. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","UNCFF":"UniCredito Spa"},"translate_title":"联合信贷银行与Banco BPM交易应面临监管审查减少——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UNCFF":0.9},"content_text":"1218 GMT - UniCredit's takeover of Banco BPM should face less regulatory scrutiny than other similar deals because of the limited overlap between the two banks, ING analyst Suvi Platerink Kosonen writes. UniCredit said that it plans to keep BPM's branch network and clients broadly the same after the takeover, Kosonen says. UniCredit also said that after a deal, there would be a risk of market dominance in only 10% of Italian provinces. UniCredit also considers the two franchises to be highly complementary, Kosonen adds. The deal is a good fit for UniCredit, the analyst says. However, the transaction will eat into UniCredit's excess capital buffers, which ING regards as one of its core strengths. UniCredit shares trade down 4.4% at 36.43 euros, while Banco BPM shares trade up 1.6% at 6.75 euros. (adam.whittaker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 25, 2024 07:18 ET (12:18 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}