Germany's DBV bank union on Thursday warned of massive job cuts if UniCredit and Commerzbank merge, and said that the German government has a special responsibility to preserve jobs rather than cash i
UniCredit, Italy's second-largest bank, has taken a 9% stake in Germany's Commerzbank and is seeking permission to potentially raise this to 29.9%, sources told Reuters, while saying it would be open
UniCredit was able to buy 4.5% of Commerzbank from the German state because the government trusts the Italian bank, its CEO said in a newspaper interview, ruling out any "aggressive" moves such as an
Last week, UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from the government. UniCredit continues to surprise markets with some ste
Italy's government sees favourably UniCredit's efforts to build a large European banking group through a merger with Germany's Commerzbank as long as the Milanese bank keeps its central functions in I
UniCredit's investment in German rival Commerzbank is consistent with an "excellent" geographic diversification strategy, the chief executive of Italy's top lender Intesa Sanpaolo said on Wednesday, a
Arnaud Journois, senior vice president of European Financial Institution Ratings at Morningstar DBRS, says there is "double logic" behind UniCredit's bid for Commerzbank as the Italian lender seeks to
Commerzbank is poised to put CFO Bettina Orlopp in charge of talks with UniCredit when the German bank's supervisory board meets next week, two people with knowledge of the matter said.
The German government should hold onto its Commerzbank share and reflect calmly on the situation, the German lender's finance chief said on Tuesday.
The German finance ministry remains committed to selling its entire stake in Commerzbank , despite UniCredit's interest in potentially buying the lender, Bloomberg News reported on Tuesday.
UniCredit will seek ECB clearance to potentially buy up to 30% of Commerzbank , three people close to the matter said, in order to have the "flexibility" the Italian bank's CEO Andrea Orcel said he ne
Lento Tang, Bloomberg Intelligence Banks Analyst, joins Bloomberg Intelligence to discuss the latest on the UniCredit/Commerzbank purchase as Deutsche mulls ways to delay -------- Get more on The Bloo
The chief executive of Germany's Commerzbank snubbed overtures for a takeover by Italy's UniCredit , saying on Monday he had his own plans for the bank and hoped it could stay independent.
A merger of Italy's Unicredit and Germany's Commerzbank would add value for all stakeholders and create a much stronger competitor in the German banking market, Unicredit CEO Andrea Orcel told Handels
German government officials and UniCredit bankers have held talks after the Italian lender bought its 9% stake in Commerzbank , a German government source said on Friday.
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