Intensified Pressure
German regulators focus on Italian bank
July 2011: UniCredit, struggling to access normal funding markets, increases its borrowings from its German unit, alarming German regulator BaFin.
A small flurry of cross-border mergers further integrated European banking. The biggest was UniCredit's 2005 takeover of German bank HVB for €15.4 billion (roughly $19 billion).
http://online.wsj.com/article/SB10001424052702304065704577426560281463958.html?mod=WSJEurope_hpp_LEFTTopStories
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