Commerzbank
Commerzbank to cut 3,000 jobs in bid to hit profit targets, as it fends off UniCredit takeover
The bank upgrades a series of financial targets, foreseeing higher profit and revenues by 2028
The gloves are coming off in Europe’s biggest banking takeover
After high-level deal talks between UniCredit and Commerzbank broke down, the Italian lender is taking its pitch directly to shareholders
Italy’s UniCredit makes takeover bid for Germany’s Commerzbank
It’s offering 0.485 of its own shares for each Commerzbank share
Commerzbank Q3 profit unexpectedly falls 8% as higher tax rates, costs weigh
The bank has applied for an additional share buyback of up to 600 million euros
Commerzbank profit unexpectedly rises in boost to CEO Orlopp
Net income increased 12% from a year earlier and operating profit hit a record
Commerzbank to cut 3,900 jobs, mainly in Germany, as it fends off UniCredit
The situation tests the country’s ability to prevent its financial centre from losing one of its few remaining big commercial lenders
Commerzbank to assign more employees to branches in revamp
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 denies report it is mulling law to protect banks from foreign takeovers
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 talked to top German officials before Commerzbank stake buy
UniCredit has since pressed for a possible tie-up in what would be the most ambitious attempt yet at a pan-European bank merger
Commerzbank would lose clients in UniCredit merger, German lender’s CEO says
COMMERZBANK and UniCredit did not discuss a merger at a recent meeting, the German lender’s CEO, Bettina Orlopp, told a local newspaper, saying any tie-up with its Italian peer would result in the los...
