Commerzbank

The bank upgrades a series of financial targets, foreseeing higher profit and revenues by 2028

After high-level deal talks between UniCredit and Commerzbank broke down, the Italian lender is taking its pitch directly to shareholders

It’s offering 0.485 of its own shares for each Commerzbank share

The bank has applied for an additional share buyback of up to 600 million euros

Net income increased 12% from a year earlier and operating profit hit a record

The situation tests the country’s ability to prevent its financial centre from losing one of its few remaining big commercial lenders

COMMERZBANK is assigning more employees to work in its branches as it seeks to boost the business its does with clients and meet ambitious new targets.

GERMANY’S finance ministry on Sunday denied that the country was considering introducing a law to protect domestic banks from cross-border takeovers as Italy’s UniCredit CRDI.MI seeks a merger with Ge...

UniCredit has since pressed for a possible tie-up in what would be the most ambitious attempt yet at a pan-European bank merger