Q4 2024 earnings exceeded expectations, with EUR 5.6B in revenues and EUR 1.6B in net profit. Read why I rate the stock a buy ...
Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by ...
In an interview with the English newspaper, Unicredit CEO Andrea Orcel explained that "if the political framework changes", ...
UniCredit and Commerzbank are launching competing campaigns to win over Germany’s Mittelstand, turning a cross-border ...
Reuters on MSN11d
Commerzbank plans job cuts, new targets to keep UniCredit awayThe job cuts are expected to number between 3,000 and 4,000 people out of a workforce of about 42,000 employees.
The bank's current strategy plan through the year 2027 was first published in 2023. Last September, weeks after UniCredit disclosed its interest, Commerzbank ratcheted up some of those targets.
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