Banco BPM intends to proceed with Anima deal, source says
The European Central Bank has issued a negative opinion on Banco BPM's plan to use what is known as the 'Danish Compromise' to facilitate the deal, potentially making it more expensive.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
5 hours ago
- Reuters
Bank of Italy selects 4 systemic risk countries for lenders, including Russia
MILAN, July 4 (Reuters) - The Bank of Italy said on Friday it had selected the United States, Great Britain, Switzerland and Russia as countries outside the European Union that its banks have significant exposure to, under rules designed to govern systemic risks. The Bank of Italy used end-2024 data to measure banks' exposure to those countries in relation to their overall exposure. Top Italian lenders Intesa Sanpaolo ( opens new tab and UniCredit ( opens new tab are both present in Russia, the former serving only corporate clients while the latter owns a retail bank. UniCredit said in an update of the investor document relating to its takeover bid for Banco BPM ( opens new tab that its Russian unit had increased its holdings of local government bonds in the first quarter to 754 million euros ($888.06 million) from 574 million in December. ($1 = 0.8490 euros)
Scottish Sun
13 hours ago
- Scottish Sun
Homeowners will be able to build WIND FARMS in their back garden under new green energy government plans
YOUR neighbour could soon have a turbine in their garden in a green energy shake-up GOING GREEN Homeowners will be able to build WIND FARMS in their back garden under new green energy government plans Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) HOMEOWNERS may be able to build wind farms in their back garden under new green energy government plans. Energy secretary Ed Miliband has revealed plans to launch a consultation on shaking up rules for building wind farms on personal property. Sign up for Scottish Sun newsletter Sign up 2 Government plans could see it easier to build wind farms in gardens Credit: Getty 2 Wind farms can help to reduce your energy bills but have been slammed as being an eyesore Credit: Reuters It could mean wind turbines on rooftops and in people's gardens could be easier to build. Wind farms can help to reduce energy bills, because it can be a cheaper way of generating electricity. A consultation will be launched at the end of the year. The shake-up was set out as part of the government's big push on doubling onshore wind farms across England by 2030. Other plans include building up a skilled workforce to build farms and creating 45,000 jobs by the end of the decade and repowering old turbines. The government said local communities who agree to have wind farms built in the area could get extra money for new facilities like football pitches and libraries. Households could even get cheaper energy bills through discount schemes. The government estimated that £70 million of community funding will be unlocked under its plans. Mr Miliband said: "The reality is that every turbine we build helps protect families, businesses and the public finances from future fossil fuel shocks.' However, the Conservatives pushed back against the strategy, accusing the energy secretary of making the country's energy 'unreliable and expensive' through his 'obsession with climate targets'. This is the latest push from the government to boost wind power so that the UK does not rely on other countries - especially Russia - for gas supply. Families were told that they could save £45 on their energy bills every year under plans to build wind and solar farms near energy-guzzling towns and cities. However, the push on wind farms have been slammed by local residents with turbines planned near them. Locals said they were considering moving out of the area because of plans for a wind farm project at Cabrach. What else can you do to lower bills If you live near a wind farm, you could benefit from cheaper energy bills. But there are other ways to save money if you don't live near one. If you are struggling with your energy bills, get in touch with your local council to enquire about the Household Support Fund. The programme is designed to help struggling families with rising food and energy costs. The amount you can get varies from council to council. No matter how happy you are with your current energy supplier, they may not be providing you with the best deals, especially if you've let a fixed-rate contract expire without arranging a new one. If you haven't browsed any alternative tariffs lately, then you may not be aware that there are better options out there. Little tricks like defrosting your freezer to help it run more efficiently and cutting your shower time can also add up to big savings over the year.
Reuters
16 hours ago
- Reuters
German industrial orders fall 1.4% in May
July 4 (Reuters) - German industrial orders fell much more than expected in May due to a one-off effect, official data showed on Friday. Orders declined by 1.4% on the previous month on a seasonally and calendar adjusted basis. A Reuters poll of analysts had pointed to a fall of 0.1%. The slump was primarily due to the substantial decline of 17.7% month-on-month in orders in the computer, electronic and optical products sector, where several large-scale orders were recorded in April. Furthermore, strong decreases were also observed in the electrical equipment and basic metals sectors. Foreign orders rose by 2.9% on the month, with orders from the euro zone decreasing by 6.5% and orders from outside the euro area increasing by 9.0%. Domestic orders fell by 7.8% on the month, the statistics office said. The less volatile three-month on three-month comparison showed that new orders in the period from March to May were 2.1% higher than in the previous three months.
