Germany's Commerzbank wants formal proposal before UniCredit takeover
Germany's Commerzbank has demanded a formal written proposal amid a potential takeover by Italian bank UniCredit. "We have ...
Germany's finance minister slams UniCredit's ‘very aggressive' bid for Commerzbank
The behavior of the potential acquirer was very aggressive, very opaque, untransparent,” Germany’s Jörg Kukies told CNBC of ...
Commerzbank explores thousands of job cuts as it seeks to fend off UniCredit, FT reports
German lender under pressure to cut costs and boost returns after unwanted approach from UniCredit. Read more at straitstimes ...
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Job Cuts Report Worries Employees At Germany's Commerzbank
Commerzbank shares were up three percent on Monday, making it the top performer on Germany's blue-chip DAX index. Commerzbank CEO Bettina Orlopp in December refused to rule out redundancies in an ...
Commerzbank says UniCredit's approach is hostile and unilateral
Commerzbank on Wednesday defined UniCredit's approach for a potential tie-up as "hostile", and said there had been no ...
How Germany could finance higher defense spending
Germany's sluggish economic growth is a key obstacle. The country is projected to grow at an average rate of just 0.5% ...
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Germany's finance minister slams UniCredit's ‘very aggressive' bid for Commerzbank
"The behavior of the potential acquirer was very aggressive, very opaque, untransparent," Germany's Jörg Kukies told CNBC of UniCredit's bid for Commerzbank. The move by UniCredit, which is ...