The behavior of the potential acquirer was very aggressive, very opaque, untransparent,” Germany’s Jörg Kukies told CNBC of UniCredit’s bid for Commerzbank.

Germany's Commerzbank has demanded a formal written proposal amid a potential takeover by Italian bank UniCredit. "We have always signalled our willingness to talk and would examine a proposal from UniCredit in the interests of all stakeholders,

"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 ...

Commerzbank on Wednesday defined UniCredit's approach for a potential tie-up as "hostile", and said there had been no discussion of it with the Italian bank in the past two years, despite UniCredit CEO Andrea Orcel saying there had.

Italy's UniCredit bank said on Tuesday it would not rush a possible takeover of German rival Commerzbank and was willing to walk away but would wait first for the German election's outcome.

UniCredit SpA Chief Executive Officer Andrea Orcel said he was surprised by the backlash in Germany over his efforts to acquire Commerzbank AG, saying his bank was invited to bid and communicated with all sides.

As global markets react to recent political developments and economic data, with U.S. stocks reaching record highs amid optimism over trade policies and AI investments, investors are increasingly seeking stability in their portfolios.

Germany’s largest lender Deutsche Bank on Thursday reported weaker-than-expected profit that fell sharply on the quarter in the last three months of 2024. Net profit attributable to shareholders hit 106 million euros ($110.

Deutsche Bank reported solid Q4 results with €7.2 billion in revenue, driven by a 30% YoY jump in the investment bank. Read more about DB stock here.

European stock markets move in positive territory after the expected announcement by the ECB, which cut rates by 0,25%. At Piazza Affari Stm collapses after a disappointing -63% in profits and gloomy forecasts for the first quarter.

J.P. Morgan analyst Delphine Lee maintained a Buy rating on UniCredit SpA (UNCFF – Research Report) today and set a price target of €49.00. The

Commerzbank chief Bettina Orlopp shot down an invitation from Andrea Orcel to hold informal talks about a potential tie-up with UniCredit, and has instead insisted on receiving a written proposal before engaging, according to people familiar with the situation.