German Chancellor Scholz calls UniCredit’s moves on Commerzbank ‘unfriendly’
The UniCredit-Commerzbank takeover saga not only highlights the clash between cross-border consolidation and national interests, with German political opposition blocking UniCredit’s bid, but it is also risking diplomatic relations between Germany and Italy.
Craig Coben, former global head of equity capital markets at Bank of America, says Europe's vision of a banking union is what ...
Commerzbank's deputy chair voiced opposition on Tuesday to a takeover of the German bank by Italy's UniCredit CRDI.MI.
Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC’s Annette Weisbach that “we certainly hope we can avoid” a hostile takeover by the Italian bank.
With the 4.5% stake it had accumulated during the summer through derivates, the 4.5% stake it bought from the German ...
Shares of Commerzbank traded 3.1% lower on Monday after the government said that it would retain its 12% stake in the German ...
Italian lender UniCredit said Monday it has increased its stake in German rival Commerzbank to around 21 percent, a move that makes it the largest shareholder.
Italian banking giant UniCredit has increased its stake in German rival Commerzbank from 9% to 21%, signaling a potential ...
Italian lender UniCredit said on Monday it has increased its stake in Commerzbank to around 21 percent, fuelling speculation ...
UniCredit was able to buy 4.5% of Commerzbank from the German state because the government trusts the Italian bank, its CEO ...
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