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
FRANKFURT (Reuters) -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.
UniCredit and Commerzbank in five charts
UniCredit chief executive officer Andrea Orcel and Commerzbank's designated chief Bettina Orlopp have held a first round of ...
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 ...
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 ...
UniCredit overtures hold few fears for Germany's Mittelstand
Germany's Commerzbank says its role as a key lender to the swathe of "Mittelstand" midsize companies that drive Europe's top ...
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Andrea Orcel's Bold Move: UniCredit's Strategic Bid for Commerzbank
Andrea Orcel, CEO of Italian bank UniCredit, is making waves with his strategic acquisition of a stake in Germany's Commerzbank. Despite resistance from politicians and backlash from the German ...
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.
Italy's UniCredit boosts stake in Germany's Commerzbank to 21%
Italian bank UniCredit (OTCPK:UNCFF) (OTCPK:UNCRY) said Monday it increased its stake in Commerzbank (OTCPK:CRZBF) ...
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 ...