UniCredit's CEO has informed investors that the bank has until March to enhance its bid for Banco BPM. Concurrently, the European Public Prosecutor's Office is investigating a potential €200 million tax fraud involving UniCredit's German unit, which was recently raided. Reports indicate that the probe is linked to a former client and also involves other banks. Additionally, there are discussions surrounding a possible merger and acquisition strategy, as UniCredit explores options to strengthen its position in the market, including a potential collaboration with Mediaset to create a pan-European media giant.