Italy's UniCredit said on Wednesday it has raised its potential stake in Commerzbank to 28% using further derivatives. Investors are watching whether UniCredit will take the leap with a buyout of the
Italian bank UniCredit said on Wednesday it had raised its potential stake in Germany's Commerzbank to 28% by signing new derivative contracts.
Commerzbank relies on net interest income for roughly 70% of its revenue, amplifying the bank's reliance on ECB policy. Q3 2024 results were solid but profitability slipped relative to the prior year
Commerzbank's CEO said on Wednesday that Europe needed bigger banks to compete with U.S. rivals, but repeated that her own company was better off alone in the face of interest from Italian bank UniCre
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover
Germany's Deutsche Bank is reportedly benefitting from uncertainty surrounding a possible takeover of rival Commerzbank. Commerzbank's customers are increasingly turning to Deutsche Bank for funding,
Kian Abouhossein, head of European bank equity research and global IB coverage at JP Morgan, discusses UniCredit's bid to buy Banco BPM.
German Finance Minister Joerg Kukies said on Sunday he did not expect UniCredit to go ahead with plans for a takeover of Germany's Commerzbank due to the objections raised by the government in Berlin.
UniCredit CEO Andrea Orcel on Friday ruled out moving the bank's headquarters to Germany if it acquires Commerzbank , adding the Italian lender would want to wait for a new government in Berlin before
Commerzbank CEO Bettina Orlopp said on Friday that it was up to the bank's management - not the government - to decide on any possible tie-up with Italy's UniCredit.

Commerzbank names new CFO amid UniCredit approach

04:26am, Thursday, 21'st Nov 2024
Commerzbank on Thursday named Carsten Schmitt as its new chief financial officer, a crucial role at Germany's No. 2 lender as it seeks to fend off an approach by Italy's UniCredit for a tie-up.
The CEOs of Germany's Commerzbank and UniCredit had an extensive talk for the second time since Italy's No. 2 bank disclosed in September that it had snapped up a significant stake, the Handelsblatt n
Commerzbank is weighing the acquisition of a mid-sized German bank as part of its strategy to fend off a possible takeover by Italy's UniCredit , three people with knowledge of the matter told Reuters
UniCredit and Commerzbank flaunted their financial strength as the fate of one of Europe's largest banking mergers hangs in balance. Both banks raised their outlooks guidance on Wednesday, as they rep
Commerzbank CEO Bettina Orlopp discusses the German bank's third-quarter earnings, UniCredit's bid to take over Commerzbank and the broader German economy.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE