Top of the Pops: Banco Popolare and BPM merge to create Italy’s third largest bank

After months of intense talks, on March 23, Banca Popolare di Milano (PMI:IM) and Banco Popolare (BP:IM) agreed to merge and to form the third largest bank in Italy by assets (€170bn). The deal comes after a tacit approval by the ECB and is probably only the first step of an anticipated bigger consolidation process. … Continue reading Top of the Pops: Banco Popolare and BPM merge to create Italy’s third largest bank