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UniCredit, Commerzbank
Commerzbank to Cut Jobs in Bid to Boost Returns and Fend off UniCredit
The lender plans to lay off around 9% of its workforce in a bid to boost returns and convince investors of its standalone prospects.
Commerzbank plans job cuts, new targets to keep UniCredit away, sources say
Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy's UniCredit , multiple people with direct knowledge of the plans told Reuters.
Factbox-Key Elements of Commerzbank's Strategy Update as It Fends off UniCredit
FRANKFURT (Reuters) - Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders.
2d
UniCredit's bid target Banco BPM ups stakes on Anima to secure profit goals
Banco BPM is proposing to pay more to buy fund manager Anima Holding , which it needs to control to reach its new profit and ...
2d
UniCredit: Solid Results, But We Prefer To Wait For Its M&A Campaign
UniCredit's fiscal Year 2025 guidance shows resilient net interest income and a low cost of risk. Read why we prefer to ...
2d
UniCredit Raises Generali Stake as Orcel Seeks Deals Influence
UniCredit SpA has expanded its holding in Italy’s largest insurer, potentially giving Chief Executive Officer Andrea Orcel ...
1d
on MSN
Commerzbank to cut 3,900 jobs, mainly in Germany, as it seeks to fend off UniCredit
Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy ...
1d
UniCredit: Q4 Results And Guidance Indicate Resilient Earnings
UniCredit's strong earnings, resilient asset quality, and low P/E ratio make it a compelling investment. Explore more on ...
2d
Unicredit Backs Down From UK Lawsuit After Russian Court Threat
UniCredit SpA will stop pursuing a high stakes UK case against a Gazprom PJSC venture after a Russian court threatened the ...
2d
UniCredit and Commerzbank launch competing campaigns to woo Mittelstand
UniCredit and Commerzbank are launching competing campaigns to win over Germany’s Mittelstand, turning a cross-border ...
2d
UniCredit SpA (UNCFF) Q4 2024 Earnings Call Highlights: Record Profits and Strategic Growth ...
UniCredit SpA (UNCFF) reports robust financial performance with a 14% net revenue growth and a 513% total shareholder return, ...
1d
on MSN
UniCredit 'feels a little bit like an activist investor,' Commerzbank CEO says
Michael Lee Strategy founder Michael Lee discusses the January CPI report and DOGE's effort to slash government spending on ...
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Related topics
Commerzbank
Germany
Andrea Orcel
Banco BPM
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