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UniCredit's Andrea Orcel plays a bold hand, with Commerzbank in his sights
The Italian bank already has a presence in Germany through its Munich-based lender HypoVereinsbank. In a Thursday note, Berenberg analysts stressed that a Commerzbank takeover would fit with Orcel ...
Reuters7d
Germany's Commerzbank profit jumps 20% in 2024 as it fends off UniCredit
FRANKFURT, Jan 31 (Reuters) - Germany's Commerzbank (CBKG.DE), opens new tab said on Friday that it posted a 20% increase in net profit in 2024, announcing earnings nearly two weeks ahead of ...
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Italy's UniCredit further expands stake in Germany's Commerzbank
The trade union has noted that UniCredit's 2005 takeover of Munich-based Hypovereinsbank was followed by extensive job cuts. Muted reaction from Commerzbank A Commerzbank spokesman declined to ...
Reuters28d
UniCredit brings securities services in-house, with focus on Germany
The Italian bank is present in Germany through Munich-based HVB. Attempts to expand further by building a stake in Commerzbank (CBKG.DE), opens new tab and calling for a full merger have met with ...
Neue Zürcher Zeitung4mon
Europe's banks are continental in ambition, yet national in decline
Of the four major banks that originally made up Germany’s once-proud financial sector – Deutsche Bank, Commerzbank, Dresdner Bank and the Munich-based HypoVereinsbank – only Deutsche Bank ...