UniCredit, Commerzbank
ECB Chief Backs Bank Mergers Amid UniCredit, Commerzbank Talk
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 potential tie-up between Commerzbank and Italy's UniCredit.
Germany on the defensive as UniCredit gains some support for Commerzbank talks
Germany cranked up its opposition on Wednesday to UniCredit's raid on Commerzbank at the same time as a big investor in the German lender called for talks, which are being sought by the Italian bank's CEO Andrea Orcel.
Italy Guards UniCredit Amidst Cross-Border Merger Talks
Italy is concerned that UniCredit may move its headquarters to Germany if it merges with Commerzbank. The Italian government is prepared to leverage its 'golden power' to block or set conditions on the merger.
Cross-Border Bank Mergers Can Have Benefits, Lagarde Says
European Central Bank President Christine Lagarde said international banking mergers in the euro zone can have "lots of benefits," including a greater ability to compete with foreign rivals. She added she was not commenting on any specific transaction.
ECB's Lagarde praises bank mergers as UniCredit courts Commerzbank
Mergers between European banks are "desirable" if they help them compete with their U.S. and Chinese rivals, European Central Bank President Christine Lagarde said on Monday, as Italy's UniCredit pressed for a tie-up with Germany's Commerzbank .
Arguments Against Commerzbank, UniCredit Tie-up 'Unconvincing': Economist
UniCredit's interest in Commerzbank has raised hackles in Germany but a leading economist who chairs a panel advising Chancellor Olaf Scholz's government said Monday the arguments against a potential ...
Germany to Keep Commerzbank Shares After UniCredit Takes Stake
The government said it won’t offload any additional shares in the bank following the sale to UniCredit for €702 million. The ...
Germany's Scholz Shuts Door to UniCredit After 'Attack' on Commerzbank
MILAN/FRANKFURT (Reuters) -German Chancellor Olaf Scholz slammed as "an unfriendly attack" UniCredit's move to become the ...
UniCredit Flagged Commerzbank Interest to Germany Ahead of Move
UniCredit SpA spoke with German officials about building a stake in Commerzbank AG before Berlin began selling its shares in ...
Germany does not see legal means to prevent UniCredit takeover, sources say
The German government does not see legal powers it could use to prevent the takeover of Commerzbank by Italy's UniCredit , ...
UniCredit, Commerzebank executives held virtual meeting, reports say
Chief Executive Andrea Orcel met virtually with Commzerzbank (CRZBF)(CRZBY) on Friday after the Italian bank became the ...
UniCredit May Repeat Germany Cost Cuts at Commerzbank, KBW Says
UniCredit SpA has demonstrated at its existing German unit that it can cut costs in the country, which bodes well for its ...
UniCredit Ups Ante in Pursuit of Germany’s Commerzbank
The Italian lender moved to boost its Commerzbank stake above 20%, shrugging off German opposition to a possible takeover.
UniCredit CEO Orcel attended virtual meeting with Commerzbank, source says
UniCredit chief Andrea Orcel attended a virtual meeting the Italian bank held on Friday with Commerzbank after becoming the ...