Exclusive: Commerzbank considers buying German rival to ward …
1 day ago · FRANKFURT, Nov 12 (Reuters) - Commerzbank (CBKG.DE), opens new tab is considering buying a mid-sized German bank as part of its strategy to fend off a possible takeover by Italy's UniCredit (CRDI ...
Exclusive-Commerzbank considers buying German rival to ward …
1 day ago · Commerzbank AG annual results news conference in Frankfurt · Reuters John O'Donnell, Emma-Victoria Farr and Tom Sims Updated Tue, Nov 12, 2024, 12:31 PM 3 min read
New German Finance Chief Slams UniCredit’s Commerzbank …
1 day ago · November 12, 2024 at 10:38AM EST. Joerg Kukies in Berlin, on Nov. 12. Photographer: Krisztian Bocsi/Bloomberg (Krisztian Bocsi/Bloomberg) (Bloomberg) -- Germany’s new finance minister used his first public speech since taking office to voice sharp criticism of the tactics UniCredit SpA used in building a major stake in Commerzbank AG.
Commerzbank Third Quarter 2024 Earnings: Beats Expectations
2 days ago · Commerzbank Third Quarter 2024 Earnings: Beats Expectations. Revenue: €2.43b (down 7.2% from 3Q 2023). Net income: €836.0m (down 4.8% from 3Q 2023). Profit margin: 34% (in line with 3Q 2023 ...
UniCredit touts Commerzbank merger merits as both banks lift …
Nov 6, 2024 · Commerzbank reported a net profit fall of 6.2% to 642 million euros, better than analysts on average had expected but dragged down by a decline in interest income and a rise in risk provisions.
Commerzbank Sells SRT as CEO Sets Out to Free Up Capital
November 05, 2024 at 7:37AM EST. (Bloomberg) -- Commerzbank AG is working on a significant risk transfer amid an effort by Chief Executive Officer Bettina Orlopp to unlock capital. The German lender is selling an SRT linked to a portfolio of €2 billion ($2.2 billion) in corporate loans, according to people familiar with the matter.
Why Germany Is Resisting UniCredit’s Takeover of Commerzbank - The New ...
Nov. 1, 2024. Germans are eager to sell hundreds of billions of euros’ worth of goods in Italy, while drinking its wines, skiing its Alps and sunning on its beaches. But in the weeks since ...
Commerzbank shares up after UniCredit buys stake from German …
Sep 11, 2024 · Commerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 4.5% stake in the Frankfurt-based lender from the German government. The stake acquisition marks the...
A Commerzbank takeover? Some Mittelstand executives say why …
Oct 9, 2024 · Chancellor Olaf Scholz has labelled the Italian bank’s stakebuilding an “unfriendly attack” while Friedrich Merz, leader of the German opposition Christian Democratic Union, said a tie-up of ...
UniCredit CEO approaches Commerzbank about merger after …
FRANKFURT/MILAN, Sept 11 (Reuters) - UniCredit's (CRDI.MI) CEO approached Commerzbank about exploring merger talks on Wednesday, a source with knowledge of the matter said, after Italy's...