Intesa Sanpaolo has announced they are looking at bank mergers in Europe but not a tie-up with rival Unicredit, as we noted last week. The Italian lender is also considering an acquisition of the German banking group Commerzbank, which would create one of Europe's biggest banks.
Intesa Sanpaolo has announced they are looking at bank mergers in Europe but not a tie-up with rival Unicredit, as we noted last week. "When the conditions are right we will certainly assess external growth but in this regard, tying up with or buying Italian banks makes no sense", said Intesa Sanpaolo's Chairman, Giovanni Bazoli.