UniCredit, Commerzbank
ECB Chief Backs Bank Mergers Amid UniCredit, Commerzbank Talk
ECB chief Christine Lagarde said Monday that cross-border banking mergers in Europe were "desirable" to boost their competitiveness, despite mounting German opposition to a potential tie-up between Commerzbank and Italy's UniCredit.
Italy Guards UniCredit Amidst Cross-Border Merger Talks
Italy is concerned that UniCredit may move its headquarters to Germany if it merges with Commerzbank. The Italian government is prepared to leverage its 'golden power' to block or set conditions on the merger.
ECB's Lagarde praises bank mergers as UniCredit courts Commerzbank
FRANKFURT (Reuters) -Mergers between European banks are "desirable" if they help them compete with their U.S. and Chinese rivals, European Central Bank President Christine Lagarde said on Monday, as Italy's UniCredit pressed for a tie-up with Germany's Commerzbank.
Cross-Border Bank Mergers Can Have Benefits, Lagarde Says
European Central Bank President Christine Lagarde said international banking mergers in the euro zone can have "lots of benefits," including a greater ability to compete with foreign rivals. She added she was not commenting on any specific transaction.
ECB’s Lagarde supports bank mergers as UniCredit-Commerzbank talks intensify
The ECB has indicated its support for UniCredit’s potential full takeover of Commerzbank, as cross-border banking mergers align with the single market’s unity strategy, enhancing the competitiveness of the European banking system on a global scale.
Italy could intervene over UniCredit HQ in Commerzbank deal
Italy fears that UniCredit may shift its central offices to Germany as part of any deal with Commerzbank, government ...
UniCredit Needs Germany to Think More European About Commerzbank
Andrea Orcel has to win two battles for UniCredit SpA to take over Germany’s Commerzbank AG. First, the Italian bank’s chief ...
UniCredit commences life bancassurance internalisation process in Italy
Italian financial services major UniCredit has initiated the process to fully internalise its life bancassurance business ...
UniCredit to shift retrained staff from central offices to network, sources say
UniCredit plans to invest significantly in the retraining of 600 staff who will then be largely moved to the Italian bank's ...
Italy’s UniCredit Trades Blows With Berlin Over Commerzbank
Germany’s chancellor decried “unfriendly attacks” on banks after UniCredit moved to raise its stake in the lender.
UniCredit, Commerzebank executives held virtual meeting, reports say
Chief Executive Andrea Orcel met virtually with Commzerzbank (CRZBF)(CRZBY) on Friday after the Italian bank became the ...
Exclusive-German finance minister tells Italy of his concerns on UniCredit move, sources say
Germany's finance minister has conveyed to Italy's Treasury his concerns about any takeover of Commerzbank by Italian lender ...
Is UniCredit S.p.A. (UNCFF) the Italian Stock to Buy as It Shows Record Financial Results?
We recently published a list of 10 Best Italian Stocks To Buy Now. In this article, we are going to take a look at where ...