The German bank named its next CEO on Tuesday. The lender’s board decried a sudden buy-up of stock by Italy’s UniCredit, which may be looking for a cross-border path to take on Wall Street.
The Supervisory Board of Commerzbank AG has appointed Dr. Bettina Orlopp as new Chairwoman of the Board of Managing Directors effective with resignation of current Chairman Dr. Manfred Knof. She will ...
Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC’s Annette Weisbach that “we certainly hope we can avoid” a hostile takeover by the Italian bank.