UniCredit offered to buy the second largest Italian bank Banco BPM for €10bn in late November last year. The acquisition was ...
Earlier on Friday, the Financial Times newspaper reported that Commerzbank CEO Bettina Orlopp had rejected an invitation from UniCredit CEO Andrea Orcel to hold informal talks about a potential ...
FRANKFURT (Reuters) - Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as ...
With UniCredit's share price up six-fold since Orcel's arrival in 2021, that would replenish its coffers at a time when it has stepped up its bets on Italian finance. After years of record profits ...
Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by ...
Italian lender UniCredit's "very aggressive, very opaque" bid for Commerzbank has been criticized by Germany's Finance Minister Jörg Kukies, who stressed that hostile takeovers don't usually work.