The operation Banche Popolari Unite (UBI) and Banca Lombarda e Piemontese are two banking groups based in Italy, after the merger BPU will be the major Italian folk cooperative bank. The market(s) Retail banking, mutual funds, management of customers' securities portfolios (GPFs and GPM), life insurance products. Remedy 1: Sale of branches UBI, the new consolidated entity, must sell several branches in the Provinces of Brescia and Bergamo to bring its local market share
The Italian Competition Authority clears a major concentration in the banking sector subject to remedies (Banche Popolari Unite / Banca Lombarda e Piemontese)
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