German Vice Chancellor Robert Habeck has expressed concern regarding UniCredit's recent actions involving Commerzbank, reflecting broader anxieties within the European financial sector. The situation is compounded by discussions around regulatory approaches in Europe, with former EU Competition Commissioner Margrethe Vestager addressing whether aggressive regulations are hindering corporate growth during an upcoming segment on 'Wall Street Week'. Additionally, Mario Draghi is advocating for a reshaping of Europe's merger and acquisition regulations, emphasizing the need for Europe to remain competitive against the U.S. and China. The discussion is particularly relevant as French initiatives regarding Italy’s finance industry have raised alarms in Rome, prompting responses from Italian banking leaders, including Intesa's Carlo Messina, who urged governments to refrain from interfering in banking operations.
Carlo Messina, la politica e il “risiko bancario” https://t.co/mrh4uNLDB9
Intesa difende Unicredit. Carlo Messina: "I governi non interferiscano nelle operazioni bancarie" https://t.co/vYXBLZwDTR
French moves on Italy’s finance industry stoke concern in Rome >> https://t.co/hwQQxVtBAW (with @ssirletti, @danielelepido, @tebhardt)