The German bank named its next CEO on Tuesday. The lender’s board decried a sudden buy-up of stock by Italy’s UniCredit, which may be looking for a cross-border path to take on Wall Street.
Commerzbank has, like some other banks, had a rocky history with big mergers and acquisitions over the years. The bank was ...
Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC’s Annette Weisbach that “we certainly hope we can avoid” a hostile takeover by the Italian bank.
Italian government officials are growing frustrated at Germany’s opposition to a potential takeover of Commerzbank AG by ...
Bettina Orlopp will take over as chief executive officer of Germany's Commerzbank in the near future, the bank announced on ...
The Italian lender had earlier disclosed a 9% stake in its German peer, reviving speculation that it could pursue a tie-up.
DPA International on MSN5h
UniCredit's move on Commerzbank could 'destroy' lender, union saysThe major German services sector union Verdi is demanding that the government exhaust all options in the takeover battle for ...
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