The Board of Directors of UniCredito Italiano SpA (‘UniCredito’) has decided to propose to the market a business combination with Banca Commerciale Italiana SpA (‘Banca Commerciale Italiana’ or ‘Comit’) on the basis of a project which aims at enhancing the interests and capabilities of both banks. For the Italian economy, the combined group would represent a vehicle for internationalisation and for further development. It will become a sizeable entity, able on its own to participate on an equal footing in the European banking consolidation process.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.