Business
Italian banking giant UniCredit said Friday it had secured approval from the European Central Bank to buy up to 29.9 percent of Commerzbank.
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Business
German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to fight off pressure for...
Business
Suggestions that German lender Commerzbank was considering cutting thousands of jobs as it fights off an unwanted advance from Italy’s UniCredit had unsettled employees,...
News
Italian bank UniCredit’s move to increase its stake in German lender Commerzbank, which further fuelled speculation of a takeover bid, was “uncoordinated and unfriendly”,...
Business
The chief executive of Italy’s UniCredit bank said Wednesday there would be no decision on a possible takeover of German rival Commerzbank for at...
Business
ECB chief Christine Lagarde said Monday that cross-border banking mergers in Europe were “desirable” to boost their competitiveness, despite mounting German opposition to a...
Business
Italian lender UniCredit said on Monday it has increased its stake in Commerzbank to around 21 percent, fuelling speculation that it could seek a...
Business
UniCredit is studying a takeover of Commerzbank, Chief Executive Andrea Orcel said Thursday, a day after Italy’s second-largest bank surprised markets by revealing a...
World
Commerzbank, Germany’s second largest bank which has been hit by the coronavirus pandemic and the Wirecard scandal, on Saturday named Manfred Knof from rival...
World
Wirecard, a Bavarian start-up specialised in online payments, has nudged German giant Commerzbank out of the blue-chip DAX index, in the latest sign of...