
The French institute aims to create a new national banking champion
Crédit Agricole expresses enthusiasm for the merger project with Banco Bpm, defining it as a strategic opportunity to create a more solid, innovative Italian banking group with a strong European dimension.
AI-generated summary
Crédit Agricole responded positively to Piazza Meda's disclosure regarding a possible merger with Banco Bpm.
"Crédit Agricole faces these discussions with enthusiasm and determination, convinced of the strategic interest and strong value creation potential of the project, for the benefit of customers, collaborators, shareholders and the Italian economy". Banque Verte underlines this in a note after the opening of Piazza Meda.
"This new phase is part of the natural continuity of numerous exchanges and long-standing fruitful cooperation, based on mutual trust and common values", adds the French institute.
"This merger project aims to combine the complementary strengths of Banco Bpm and Crédit Agricole Italia, to build together a more solid, more diversified and more innovative Italian banking and financial group, which combines closeness and strength, Italian identity and European dimension, territorial roots and investment capacity", recalls Agricole who in announcing the proposal indicated that the objective is to create "a new national banking champion".

The Budget Structural Plan envisages a reduction in fiscal spending, going from 90.9 billion in 2028 to 87.6 in 2029. The cut is driven by the reduction of construction bonuses and the reorganization of environmentally harmful subsidies.

The Lazio Regional Administrative Court has canceled a one million euro fine imposed by the Antitrust on Poltronesofà. According to the judges, the company's pricing strategies fall within the freedom of enterprise and do not constitute a deceptive commercial practice.

The extension of the ETS system to waste-to-energy plants could cause a two-year delay in the recovery of costs for operators, with potential repercussions on the TARI. EY-Parthenon analyzes the economic impact on Italian minimum systems.

In the third quarter of 2026, the Eurozone's GDP grew by 0.4% and that of the EU by 0.5%. Italy recorded zero growth, France a contraction of 0.1%, while Germany and Spain grew by 0.2% and 0.6% respectively.

RedBird Capital Partners launches Milan Sports & Entertainment (MSE), a holding company to centralize sports and infrastructure investments in Milan. Brett Yormark has been appointed CEO of the platform, which will include AC Milan and the new stadium project.

Acea's CEO, Fabrizio Palermo, commented on the results of the first nine months of the group, underlining the solidity of the industrial model and the sustainable growth based on water, electricity and environmental investments.