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Commerzbank to cut 3,900 jobs, mainly in Germany
01:24am, Thursday, 13'th Feb 2025
Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the Germa
Key elements of Commerzbank's strategy update as it fends off UniCredit
01:17am, Thursday, 13'th Feb 2025
Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the Germa
Commerzbank plans job cuts, new targets to keep UniCredit away, sources say
01:07am, Wednesday, 12'th Feb 2025
Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy's UniCredit , multiple people with direct knowledge of the plans told R
We're not ruling out increasing our Commerzbank stake, says UniCredit CEO
04:00am, Tuesday, 11'th Feb 2025
Andrea Orcel, CEO of UniCredit, discusses fourth-quarter earnings, the bank's investment in Commerzbank and interest rates.
UniCredit says focused on BPM, Commerzbank as sources confirm small Generali stake
03:01pm, Saturday, 01'st Feb 2025
UniCredit remains focused on its takeover bid for Banco BPM and its stake in Commerzbank , a spokesperson for the Italian bank said, after two sources confirmed a report about an investment in General
Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCredit
08:40am, Friday, 31'st Jan 2025
Commerzbank on Friday unexpectedly released quarterly results, touting "record" annual profit and announcing a new share buyback scheme.
Germany's Commerzbank posts 20% rise in net profit for 2024
07:54am, Friday, 31'st Jan 2025
Germany's Commerzbank said on Friday that it posted a 20% increase in net profit in 2024, announcing earnings nearly two weeks ahead of schedule as it fends off interest in a tie-up from Italy's UniCr
Commerzbank says no talks with UniCredit until specific offer made
03:19am, Friday, 24'th Jan 2025
Commerzbank reiterated on Friday that it will not meet with UniCredit for formal discussions until it receives a specific proposal from the Italian bank, which has ruffled feathers in Berlin with its
Germany's finance minister slams UniCredit's 'very aggressive' bid for Commerzbank
04:30am, Thursday, 23'rd Jan 2025
"The behavior of the potential acquirer was very aggressive, very opaque, untransparent," Germany's Jörg Kukies told CNBC of UniCredit's bid for Commerzbank. The move by UniCredit, which is already p
Commerzbank says UniCredit's approach is hostile and unilateral
02:05pm, Wednesday, 22'nd Jan 2025
Commerzbank on Wednesday defined UniCredit's approach for a potential tie-up as "hostile", and said there had been no discussion of it with the Italian bank in the past two years, despite UniCredit CE
Unicredit chief hopes for clarity on Commerzbank plans by end 2025
09:08am, Wednesday, 22'nd Jan 2025
UniCredit chief Andrea Orcel wants to discuss a planned takeover of Commerzbank with the new German government and hopes for some clarity at the latest by the end of the year, he told German paper FAZ
Commerzbank explores thousands of job cuts after approach from UniCredit, FT reports
08:49am, Saturday, 18'th Jan 2025
Commerzbank is exploring cutting thousands of jobs as it seeks to fend off an unwanted approach from Italy's UniCredit , the Financial Times reported on Saturday, citing people familiar with the matte
Commerzbank chairman sees little chance of amicable UniCredit merger, report says
02:38am, Monday, 13'th Jan 2025
Commerzbank's supervisory board chairman Jens Weidmann said there is little chance for an amicable merger with UniCredit after the Italian bank's surprise purchase of a hefty stake in the German lende
UniCredit CEO says Commerzbank stake, BPM bid tests for Europe's future
01:57am, Friday, 20'th Dec 2024
UniCredit's CEO Andrea Orcel said his bank's investment in German rival Commerzbank and its bid for smaller domestic peer Banco BPM will test the euro zone's commitment towards greater integration, wh
Any Commerzbank takeover by UniCredit not subject to investment screening, German government source says
10:40am, Thursday, 19'th Dec 2024
Germany will not subject any potential takeover of Commerzbank by Italy's UniCredit to an investment screening, a German government source said on Thursday.
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