ECB's Lagarde praises bank mergers
ECB's Lagarde praises bank mergers as UniCredit courts Commerzbank
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.
Commerzbank outperformed the iShares MSCI Europe Financials ETF in 2024. Learn more about CRZBY stock and its growth ...
UniCredit chief executive officer Andrea Orcel and Commerzbank's designated chief Bettina Orlopp have held a first round of ...
Andrea Orcel has to win two battles for UniCredit SpA to take over Germany’s Commerzbank AG. First, the Italian bank’s chief ...
The drivers of recent banking transactions are many of those that have shaped the European banking industry for the past 15 ...
UniCredit's interest in Commerzbank has raised hackles in Germany but a leading economist who chairs a panel advising Chancellor Olaf Scholz's government said Monday the arguments against a potential ...
Italy fears that UniCredit may shift its central offices to Germany as part of any deal with Commerzbank, government ...
A merger between UniCredit SpA and Commerzbank AG is likely, despite opposition from the German government, according to ...
At 61 billion euros ($68 billion), UniCredit's market value is roughly three times Commerzbank's 19 billion euros. Shares in ...
Shares of Commerzbank, the German bank being pursued by Italy’s UniCredit, soared on Thursday after it forecasted improving ...
Italian banking group Unicredit’s pursuit of Germany’s Commerzbank highlights Europe’s economic struggles and potential ...
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