Commerzbank has announced cost-cutting measures to stave off any takeover bid by Italy's UniCredit that the German lender says would lead to much more drastic job cuts. Germany's Commerzbank on ...

(Bloomberg) -- Commerzbank AG stepped up its rhetoric against the approach from UniCredit SpA, further complicating the situation for the Italian lender. UniCredit’s strategy of buying and ...

German lender Commerzbank has announced plans to axe 3,900 full-time equivalent (FTE) positions by 2028, primarily within Germany. The move is part of the bank’s strategic revamp amid a hostile ...

Germany’s Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy’s UniCredit, multiple people with direct knowledge of the plans ...

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 ...

Commerzbank (OTCPK:CRZBF) Thursday said that it would cut 3,900 full-time equivalent positions by 2028, as it looks to stave off any takeover bid by Italy's UniCredit. The bank estimates ...

Commerzbank AG will rely on significant risk transfers to make more money from lending to companies. The bank’s corporate clients unit expects SRTs to help it cut €10 billion ($10.4 billion ...

FRANKFURT (Reuters) - Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy's UniCredit, multiple people with direct ...

UniCredit poised to pounce on Commerzbank German bank attempts to rebuff unwanted advance CEO to outline plan of action Plans include staff cuts and new targets Four of them said, however ...

Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets. Germany's second-largest ...

The German lender Commerzbank will buy back shares worth as much as €400 million, according to its earnings statement released on Friday. The bank noted that regulatory approvals had been ...

Commerzbank AG stepped up its rhetoric against the approach from UniCredit SpA, further complicating the situation for the Italian lender. UniCredit’s strategy of buying and expanding a stake in ...