MB Mediobanca Banca di Credito Finanziario S.p.A.

The financing was secured on the backs of its long-term purchase commitments — including those with Frontier Climate buyers like Google and Stripe — to expand its carbon removal solution nationwide.

The carbon removal company Vaulted Deep has secured up to $35 million in debt financing from the Italian bank Mediobanca to help expand its U.S. buildout.

BPM said Friday that conditions for reaching an agreement with Monte dei Paschi hadn’t been met nearly two months after it sent its proposal, and that its board decided to discontinue discussions regarding a potential combination. Monte dei Paschi acknowledged the move and said it remained focused on the implementation of its business plan and the integration of recently acquired Mediobanca while continuing to evaluate any strategic option in the interest of its shareholders. Monte dei Paschi last year bought Mediobanca, while UniCredit —which is nearly two years into an effort to take over Germany’s Commerzbank —first proposed to buy BPM and later withdrew its bid.

(Bloomberg) -- Leonardo Del Vecchio built one of Europe’s great business fortunes and tried to ensure it would survive him intact. Instead, family turmoil threatens to unravel his more than €40 billion ($46 billion) legacy. Most Read from BloombergStocks Fall as 30-Year Bond Yields Surge After Fed: Markets WrapWarner Bros. Deal Collapse Would Cost the Ellisons $9.8 BillionTrump Says US Will Strike Iran Hard as War Escalates AgainMeta’s Zuckerberg Defends AI Bets to Skeptical InvestorsUS Intercep