Italian bank BPER Banca will hold a board meeting later on Sunday to approve a revised deal with Intesa Sanpaolo that addresses antitrust issues in Intesa's takeover bid for UBI Banca , a source close to the matter said.
Intesa Sanpaolo launched a bid for smaller rival UBI Banca in February but the deal has run up against antitrust hurdles.
But Italy’s antitrust authority said earlier this month the takeover would strengthen or create a dominant position for Intesa in several areas. On Sunday the source said the board would clear a new deal with Intesa later in the day, without elaborating on details.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S.'s Pompeo plans to meet Chinese officials in Hawaii: PoliticoU.S. Secretary of State Mike Pompeo is planning to travel to Hawaii to meet with Chinese government officials, Politico reported on Friday, citing two unnamed sources.
Read more »
Irish parties close in on coalition deal, leaders to meetIreland's Fianna Fail, Fine Gael and Green parties are on the cusp of forming a new coalition government after more than four months of deadlock, a member of one of the negotiating teams said on Sunday.
Read more »
China central bank bank approves American Express for bank card clearance businessChina's central bank said on Saturday it has given American Express approval to set up a bank card clearance business in the country.
Read more »
The World’s Best Banks: The Future Of Banking Is Digital After CoronavirusForbes' second annual list of the World's Best Banks underscores that digital technology is revolutionizing the global banking market. With Covid-19 accelerating change, it’s now a matter of adapt or die for the world’s biggest lenders.
Read more »
Watch The State's New Version of 'The Jew, The Italian and the Redhead Gay'The Nineties sketch comedy group reunited to raise money for the NAACP and the California Immigrants Resilience Fund
Read more »
Italian prosecutors question PM Conte for three hours over coronavirus responseItalian Prime Minister Giuseppe Conte was questioned by prosecutors on Friday about the country's response to its coronavirus outbreak, which has killed more than 34,000 people.
Read more »