Banco BPM intends to proceed with its bid for fund manager Anima Holding , despite the European Central Bank's stance on capital treatment that makes the deal more costly, the bank said on Thursday.

Banco BPM, which has rejected UniCredit's proposal, has already increased its offer for Anima. The Danish Compromise reduces the burden for banks of owning an insurer by letting them hold capital ...

The European Central Bank has issued a negative opinion on Banco BPM's request for favourable capital treatment for its proposed bid for fund manager Anima, the Italian bank said, in a potential blow ...

MILAN (Reuters) - The European Central Bank on Wednesday gave a negative opinion on the possibility for Banco BPM to use more favourable capital rules known as the "Danish Compromise" in its proposed ...

Plans for higher defence spending and a more relaxed supervisory attitude to matters such as M&A are fuelling optimism in ...

The European Central Bank has issued a negative opinion on the application of so-called "Danish compromise" rules to the ongoing takeover by Banco BPM of Anima Holding, a source close to the matter ...

UniCredit bid for Banco BPM in November, weeks after its rival moved ... view on the possibility of BPM tapping favourable ...

The authorisations mark the final step before Italian securities regulator Consob can complete the review of the offer ...

Italy’s Banco BPM BAMI-10.24%decrease ... said its offer was subject to the application of the so-called Danish Compromise rules, which allow acquisitions of asset managers by banks to be ...

Banco BPM said it reached a stake of just below 90% in Italian asset manager Anima Holding at the end of its offer period, clearing the minimum threshold it had set for the bid to become effective.