Could Italy’s UniCredit reignite European banking?
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
After the financial crisis, dealmaking among banks in different countries in Europe fell to a standstill. But recently, Italian lender UniCredit revealed that it had built up a stake in Germany’s Commerzbank, prompting discussions of a possible tie-up. EU policymakers and politicians believe cross-border deals like this could unlock European banking and make it more competitive globally. So why is there resistance? The FT’s European banking correspondent Owen Walker explains.
Clips from Bloomberg, BBC
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For further reading:
Andrea Orcel plots UniCredit’s boldest move yet on Commerzbank
Andrea Orcel, Commerzbank and the redemption trade
Europe’s most notorious banking dealmaker returns
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On X, follow Owen Walker (@OwenWalker0) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
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