Banco BPM
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Financial institutions dealmaking is at an 18 year high but banking consolidation is elusive -
European banks progress with capital raising as spreads tighten, but investor qualms grow
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◆ AT1 volumes reach €5.5bn-equivalent since post-tariff reopening ◆ KBC pays premium for larger size ◆ BPM benefits from takeover tightening
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The trade drew good demand after a slow week for covered bond issuers
