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Rome Deal Creates World's 5th-Largest Bank

By Peter Fearon, Newser Staff

Posted May 21, 2007 5:23 AM CDT

(Newser) – Italian lenders UniCredit and Capitalia yesterday inked a $29.7 billion deal to create a bank with the world's fifth (and Europe's second) largest market cap. The hurried Rome merger indicates, according to the Wall Street Journal, a rush to consolidate Europe's banking sector, but... Read full story »

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Rome Deal Creates World's 5th-Largest Bank

European Union • Europe • Italy • Capitalia • UniCredit • merger • banking

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More Newser Stories

As Crises Spread, Europe Scrambles for an Answer

Even healthier countries now feeling pinch

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From strip joints to Italian cabinet to Strasbourg

Europe Agrees to Take It One Financial Crisis at a Time

Sarkozy's hopes dashed amid other leaders' opposition

Euro About to Mark 10 Years

Common currency has its share of winners and losers

Eurozone Economy Shrinks

Nine of 17 member states post a fall

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