Economy
UniCredit withdraws bid for Banco BPM due to uncertainty
The group's board of directors announced that it had decided to abandon the takeover due to the Italian government's use of golden power, which had prolonged the negotiations too much, preventing UniCredit from talking to BPM's shareholders
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China
Qatar reaffirms commitment to AIIB and will host 2026 meeting
Qatar will host the 11th edition of the annual meeting of the Asian Infrastructure Investment Bank (AIIB) in September 2026, ushering a new chapter of the Bank’s efforts to position itself as a global force for development and economic growth.
The Europe Conversation
European Commissioner Maria L Albuquerque advocates for investing in savings with risk
In an interview with Euronews, Maria Luís Albuquerque, the European Commissioner for Financial Services and the Union of Savings and Investments, argued that consumers should invest in medium- and long-term financial products and advocates for the advantages of mergers in European banking.
The Exchange
The shift towards digital-only banking and cloud operations for a tech-driven future
In partnership with Media City
Industry digital banking leaders discuss the transformative impact of digital wallets and fintech on banking, highlighting innovation, consumer needs, and emerging trends shaping the future of finance.
Business
UBS to pay hundreds of millions to settle Credit Suisse US tax probe
UBS agreed to pay hundreds of millions of dollars to settle the US tax probe into Credit Suisse after a two-year investigation. UBS said that it was "not involved in the underlying conduct and has zero tolerance for tax evasion".
