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UniCredit CEO Andrea Orcel and German Finance Minister Lars Klingbeil exchanged letters over the future of Commerzbank AG, ...
UniCredit's recent push for a tie-up with Commerzbank has prompted calls by a top official of the German bank for the Italian lender's CEO, Andrea Orcel, to abandon the pursuit.
The CEO of UniCredit renewed his push to merge the Italian bank with its German rival Commerzbank , attempting to make his ...
Commerzbank AG plans to sell a significant risk transfer tied to a portfolio of corporate loans, according to people familiar ...
UniCredit Chief Executive Andrea Orcel isn't giving up on buying Commerzbank. The Italian bank he leads said Wednesday that it had increased its stake in the German rival, mostly through ...
Commerzbank shares jumped 20% on the day UniCredit's stake was announced. Shares of the German lender are up around 48% so far this year and added another 3% on Wednesday.
UniCredit's CEO approached Commerzbank about exploring merger talks on Wednesday, a source with knowledge of the matter said, after Italy's second-largest bank bought a 9% stake in the German ...
UniCredit has built a surprise stake in Commerzbank of 28% since September through derivatives and has the European Central Bank's authorization to hold up to 29.9% in the lender.
UniCredit in 2001 had attempted a move on Commerzbank, which it aborted just before the Sept. 11 attacks. The Milan-based bank worked on a possible offer in 2019, but met political resistance.
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