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Stock impact report

Orcel's Unapologetic Hunt for Bank Deals Will Shape His Legacy [Yahoo! Finance]

Banco Santander, S.A. Sponsored ADR (Spain) (SAN) 
Company Research Source: Yahoo! Finance
would.The UniCredit SpA chief executive officer triggered angry reactions from the German government in September when he unveiled a stake in Commerzbank AG that he had secretly built up in the weeks before. Less than three months later, his surprise bid for Banco BPM SpA baffled Italian officials in Rome, who were counting on that lender to serve as a building block in their plan to create a new national banking champion. Most Read from Bloomberg New York City's ‘Living Breakwaters' Brace for Stormier Seas In Italy's Motor City, Car-Free Options Are Growing In Kansas City, a First-Ever Stadium Designed for Women's Sports Takes the Field NYC's Underground Steam System May Be Key to a Greener Future NYC Gets Historic Push for 80,000 Homes With $5 Billion Pledge While Orcel contends that he always seeks constructive dialogue with his counterparts, in these cases, that message hasn't gotten through. On Tuesday, Banco BPM rebuffed his bid, saying the offer wasn't agreed in a Show less Read more
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