Pop Italiana's Antonveneta costs spiral

Banca Popolare Italiana, which was caught up in a six-month takeover wrangle for rival Banca Antonveneta, could face costs of over €20m ($23.4m) after Milan prosecutors impounded its Antonveneta stake four months ago.

A source close to the bank said reports in Italian newspaper Il Sole 24 Ore that the seizure was costing €150,000 a day were "plausible'" although he did not know the exact costs related to the shares.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump