( November 9, 2026, 10:28 GMT | Official Statement) -- MLex Summary: Crédit Agricole has proposed discussing the merger of its Italian unit with rival Banco BPM to create what the French lender says would be Italy’s third-largest banking group, serving 6.5 million customers through more than 2,300 branches. In a statement, Crédit Agricole said the "friendly proposal" had been submitted to Banco BPMs board. The deal, which would include the payment of an extraordinary dividend of €1 billion to Banco BPM shareholders, could be completed in the second half of 2027, and would need approvals from the European Central Bank and the Italian government among others, it said. Press release is attached....
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