Italy's Banca Popolare Di Sondrio has increased its payouts in response to a potential bid from rival BPER Banca. Reports indicate that Pop Sondrio has doubled its payouts to strengthen its position against BPER's advances. Meanwhile, Italian Minister of Economy and Finance, Giancarlo Giorgetti, stated that the government will conduct a reasonable assessment regarding the golden power in relation to UniCredit's bid for BPM. Giorgetti emphasized that evaluations will be made in accordance with the law and with respect for non-discrimination principles. Additionally, there are indications of a light touch from the government when reviewing UniCredit's bid. In related news, IBL Banca is exploring investor interest for a significant risk transfer involving a portfolio of salary-backed loans.
Italy’s IBL Banca is assessing investors’ interest for a significant risk transfer linked to a portfolio of salary-backed loans https://t.co/dKk9YzRM7V
Banche, Giorgetti frena sul golden power. Generali anticipa l’assemblea per il cda https://t.co/lc6MiqnfAT
Italy signals light touch when reviewing UniCredit's bid for BPM https://t.co/uSMgbV5n1o https://t.co/t66jkFU0HO