Earlier this year Italy used foreign investment screening powers — or ‘golden power’ — to impose harsh conditions on UniCredit’s bid for BPM. UniCredit appealed the decision claiming that the conditions are disproportionate and effectively prevent it from doing the deal. The court said on Saturday that the government should review two of the conditions
It began last year, when Milanese banking giant UniCredit angered Prime Minister Giorgia Meloni’s government by attempting to take over crosstown rival BPM, which Meloni had hoped to merge with the partially bailed-out Tuscan lender Monte dei Paschi di Siena. In response, Rome deployed screening tools known as the ‘golden power’ — whose purpose is
POLi processed 5.5 million transactions worth nearly $2 billion last year. Banks typically don’t like POLi getting people in the habit of sharing their bank details with third parties, fearing that making people comfortable doing so makes them more susceptible to being scammed. However, banks have been slow to allow financial technology companies to officially
TOPEKA, Kan. (WIBW) – Odin’s Lair hosted the Capital City Crushers for their axe-throwing competition. The Crushers, established in 2007, are a roller derby team based out of Topeka. More than ever, the team needs community support as they travel to other states for competitions. “Everything with roller derby is ran by the skaters,” team