The Italian financial sector is bracing for significant changes as government authorities are reportedly preparing to set additional terms for UniCredit $UCG.MI regarding its proposed acquisition of smaller rival Banco BPM $BAMI.MI. One of the most prominent requirements—according to respected Italian daily Il Messaggero—is that UniCredit exit the Russian market “as soon as possible.” This move aligns with ongoing European Central Bank (ECB) pressure on UniCredit to reduce its Russian exposure, echoing broader political and regulatory priorities.

In 2023, the collapse of Credit Suisse marked a pivotal moment for Switzerland's financial markets. In response to this crisis, UBS has since been adapting its strategy to meet the new regulatory demands. The Swiss banking giant is now working to limit the future size of its investment bank while simultaneously boosting its capital. This strategic shift not only aims to enhance the safety of the financial sector but also addresses growing concerns about the global competitiveness of Switzerland’s banking system.