UniCredit and Commerzbank in 5 charts
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 talks as the Italian bank presses to explore a tie-up and the German bank readies its defence.
DZ Bank CEO Says UniCredit’s Commerzbank Deal Could Make Sense
A senior German banker said there a several reasons why a takeover of Commerzbank AG by UniCredit SpA could be beneficial, demonstrating that the strong opposition to the potential deal by the country’s government isn’t a national consensus.
The trouble with UniCredit’s interest in Commerzbank
The drivers of recent banking transactions are many of those that have shaped the European banking industry for the past 15 years: sluggish revenue outlook as the sugar rush of higher interest rates fades and rising costs as the promise of IT-driven efficiency is continually offset by higher investment spend,
Commerzbank CEO tells staff: UniCredit stake 'not something we chose'
Commerzbank's Chief Executive Officer said on Tuesday that the Italian bank UniCredit "might want more" of Commerzbank and that "this wasn't something we chose". She made the comments in a video statement to staff during her first day on the job as the bank's new CEO.
Opinion
UniCredit Needs Germany to Think More European About Commerzbank
Andrea Orcel has to win two battles for UniCredit SpA to take over Germany’s Commerzbank AG. First, the Italian bank’s chief executive officer needs to sell the story that a merger would deliver better returns than Commerzbank can achieve alone.
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 tie-up were "unconvincing".
UniCredit's 'federal model' boosts its foreign subsidiaries, CEO says
UniCredit has built a "federal model" as a pan-European bank with subsidiaries in each of its 13 markets that can act locally ...
UniCredit CEO Orcel Attended Virtual Meeting With Commerzbank, Source Says
Commerzbank's designated CEO Bettina Orlopp was also present on Friday's conference call, which a UniCredit source had ...
UniCredit Sees All Options Open for Commerzbank Stake But Won’t Seek Board Seat
Italy’s UniCredit won’t seek a seat on Commerzbank’s supervisory board despite a recent move to become the German bank’s ...
UniCredit to shift retrained staff from central offices to network, sources say
UniCredit plans to invest significantly in the retraining of 600 staff who will then be largely moved to the Italian bank's ...
Factbox-What Might a Combination of UniCredit and Commerzbank Look Like?
At 61 billion euros ($68 billion), UniCredit's market value is roughly three times Commerzbank's 19 billion euros. Shares in ...
Italy’s UniCredit Trades Blows With Berlin Over Commerzbank
Germany’s chancellor decried “unfriendly attacks” on banks after UniCredit moved to raise its stake in the lender.
UniCredit working for more integrated European financial services, CEO says
UniCredit is working for closer financial integration in Europe, a mandatory step if the bloc's economy wants to address its ...
Commerzbank and UniCredit set to meet as takeover prospect looms
Commerzbank and UniCredit are set to begin talks Friday, with the German bank on the defensive over a potential takeover.
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Ambitious Cross-Border Banking Merger: UniCredit's Bold European Move
Andrea Orcel, CEO of UniCredit, aims to create a new pan-European banking giant by pursuing a merger with Germany's ...
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 ...