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 ...

UniCredit and Commerzbank are launching competing campaigns to win over Germany’s Mittelstand, turning a cross-border takeover battle into a fight for the backbone of the country’s economy.

BERLIN, Jan 24 (Reuters) - Commerzbank (CBKG.DE), opens new tab reiterated on Friday that it will not meet with UniCredit (CRDI.MI), opens new tab for formal discussions until it receives a ...

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. Commerzbank CEO Bettina ...

Commerzbank plans to cut thousands of jobs in a bid to boost profitability and shareholder returns as it fends off an unwanted approach from Italy's UniCredit. The German lender outlined a new ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Commerzbank chief Bettina Orlopp shot down an invitation from Andrea Orcel to hold informal talks about a ...

After having received the regulatory approvals, the Board of Managing Directors of Commerzbank AG has resolved on January 31, 2025, to carry out a share buyback programme for a total purchase price ...

German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to fight off pressure for a tie-up from Italian bank UniCredit. The bank also ...

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.

German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to ...