Giuseppe Castagna, CEO of Banco Bpm
Highlighted Banco Bpm at Piazza Affari for bets on consolidation in the credit sector
Banks still rising in Piazza Affari, with focus on Banco Bpm. In a day of extreme volatility in European markets, the securities of the banking sector are well positioned, favored both by the prospect of a rise in the cost of money and by speculation on a consolidation of the sector. So in the middle of the morning Bper salt by 0.83%, Intesa Sanpaolo 0.46%, Mediobanca by 0.84% and Unicredit by 0.3%.
In the Ftse Mib it is however in evidence Banco Bpm which runs by 2.3%, reaching 3.6 euros. Furthermore, outside the main basket Bank Mps marks an improvement of half a percentage point. Investors bet that Banco Bpm will soon be the protagonist of an extraordinary operation. Moreover, from rumors, it emerged that the institute in recent weeks was in the crosshairs of UniCrediteven if, from the latest indications, it seems that the interest of the CEO, Andrea Orcelhas cooled down, due to the rise in the bank’s prices, which have become too expensive.
On the other hand, there are those who do not exclude that Banco Bpm may also appeal to other institutes, such as for example Credit Agricole Italy or that to further increase his size he can sit at the table of a stew of Mps for the definitive resolution of the crisis of the Tuscan bank, facilitating the exit of the state from the capital of Rocca Salimbeni. While waiting for news, the market is raising prices.
And in Mps the bank unions they asked the new CEO in a meeting yesterday Luigi Lovaglio to clarify the strategic objectives and to be involved in any discussion on the future of the group.
“First, it was represented at the new CEO there need to be fully open to discussions with the company trade unionin addition to that of total clarity on the strategic objectives of the group – new business plan, capital increase, extension of the permanence of the State in the ownership of the bank – not yet defined “, reads a joint note of the acronyms that represent the banking.
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