Analysis-Germany Talks Tough but Has Limited Room to Halt UniCredit's Advance on Commerzbank
Employees of Commerzbank protest against a potential takeover battle by UniCredit, in front of the Commerzbank headquarters in Frankfurt, Germany, September 24, 2024. The placard reads “Safe workplaces for Commerzbank employees.” REUTERS/Tilmann Blasshofer
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.
Commerzbank has, like some other banks, had a rocky history with big mergers and acquisitions over the years. The bank was ...
FRANKFURT (Reuters) -Commerzbank employees and a prominent labour union on Friday called on the German government to oppose a takeover of the German lender by Italy's UniCredit as workers fear ...
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.
The German bank said that early this month Manfred Knof informed Jens Weidmann, chairman of the supervisory board, of his ...
Bettina Orlopp will take over as chief executive officer of Germany's Commerzbank in the near future, the bank announced on ...
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