Germany to retain Commerzbank shares as bank strives for independence
Germany has made it clear that it will hold onto its remaining shares in Commerzbank for the foreseeable future, affirming ...
UniCredit has Germany's trust, won't go hostile on Commerzbank, CEO says
UniCredit was able to buy 4.5% of Commerzbank from the German state because the government trusts the Italian bank, its CEO ...
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Andrea Orcel's Bold Move: Breaking Down Barriers in European Banking
Andrea Orcel, UniCredit's CEO, aims to break European political resistance to cross-border mergers through a bold stake in Commerzbank. Orcel's efforts may face obstacles from national politics and ...
German Govt Won't Sell More Commerzbank Shares 'For Time Being'
The German government said Friday it had decided not to sell off any more of its Commerzbank shares "for the time being", after Italy's UniCredit unexpectedly built up a nine-percent stake in the ...
The Suave Italian Banker Who Wants to Be the Jamie Dimon of Europe
Andrea Orcel has teed up UniCredit for a potential takeover of rival Commerzbank. He wants to build something Europe lacks—a ...
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UniCredit to seek ECB approval to potentially buy up to 30% of Commerzbank, sources say
UniCredit will seek ECB clearance to potentially buy up to 30% of Commerzbank, three people close to the matter said, in ...
Orcel’s Surprise Swoop on Commerzbank Was Long in the Making
This summer, the German government appeared ready to finally reduce its stake in Commerzbank AG. It was a moment Andrea Orcel ...
Can This Man Become Europe's Jamie Dimon?
Star Italian banker Andrea Orcel is looking to build a European banking champion that can finance people and companies across ...
Europe’s moribund economy hardly needs another value-destroying mega-merger
Global finance has a terrible habit of over-hyping the abilities of those at the very top. Who can forget the way in which ...