Commerzbank Vows Higher Profits Ahead of UniCredit Talks
WEBSep 26, 2024 · Commerzbank also unveiled ambitious new financial targets, including for higher profit and shareholder payouts. The shares rose as much as 6.1% in Frankfurt trading, to the highest in more than 12 years. Orlopp is seeking to shore up investor support after the Italian rival secured a 21% stake and said a full takeover is an option. While the ...
German Experts Speak Out in Favor of Commerzbank Takeover …
WEB1 day ago · UNCRY. CBK.DE. (Bloomberg) -- A growing number of German experts are voicing support for a possible acquisition of Commerzbank AG by a rival, potentially adding pressure on the government to ...
Italy could intervene over UniCredit HQ in Commerzbank deal
WEB2 days ago · Veto seen as unfeasible in intra-EU deal. ROME, Sept 30 (Reuters) - Italy fears that UniCredit (CRDI.MI) may shift its central offices to Germany as part of any deal with Commerzbank (CBKG.DE ...
Germany on the defensive as UniCredit gains some support for ...
WEBMILAN/BERLIN, Sept 25 (Reuters) - Germany cranked up its opposition on Wednesday to UniCredit's , opens new tab raid on Commerzbank , opens new tab at the same time as a big investor in the German ...
German authorities caught cold by UniCredit’s swoop on Commerzbank
WEBSep 25, 2024 · Italy’s UniCredit appears to have caught German authorities off guard with a potential multibillion euro merger of Frankfurt-based Commerzbank. Market observers told CNBC on Tuesday that the ...
Commerzbank and UniCredit set to meet as takeover prospect …
WEB6 days ago · A Commerzbank AG bank branch, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Commerzbank and UniCredit are set to begin talks Friday, with the German bank on the ...
Commerzbank shares up after UniCredit buys stake from German …
WEBSep 11, 2024 · Commerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 4.5% stake in the Frankfurt-based lender from the German government. The stake acquisition marks the...
UniCredit CEO approaches Commerzbank about merger after …
WEBFRANKFURT/MILAN, Sept 11 (Reuters) - UniCredit's (CRDI.MI) CEO approached Commerzbank about exploring merger talks on Wednesday, a source with knowledge of the matter said, after Italy's...
Commerzbank board member warns of job losses with hostile …
WEBSep 24, 2024 · Commerzbank board member warns of significant job losses with a hostile UniCredit takeover. Economist and former European Central Bank Governor Mario Draghi flagged in a recent report that banks ...
Berlin blindsided after JPMorgan asked UniCredit to bid for Commerzbank …
WEBSep 16, 2024 · Opposition politicians riled by top government officials caught unaware of talks with Italian lender. JPMorgan Chase bankers who advised the German government on the 4.5% stake sale in...