The European Central Bank is poised to give Italy's UniCredit the green light to build up its stake in German rival Commerzbank, a person familiar with the matter told Reuters, a move that could pave the way for Europe's biggest cross-border banking deal since the global financial crisis.
Italian lender UniCredit has reported its planned acquisition of a 29.99% minority stake in Germany's Commerzbank to the German Cartel Office for assessment, a spokesperson for the regulator said on Wednesday.
Commerzbank , which last week announced job cuts in Germany as it fends off a takeover approach from Italy's UniCredit , has signed a 15-year rental contract for a new high-rise office in Frankfurt.
Muted reaction in Bund spreads opens door for German issuer ◆ Issuer opts for low beta, short-dated offering ◆ Investors 'cannot be too picky' warns banker
German lender Commerzbank has announced plans to axe 3,900 full-time equivalent (FTE) positions by 2028, primarily within Germany. The move is part of the bank’s strategic revamp as Italy’s ...
BERLIN (Reuters) -Italian lender UniCredit has reported its planned acquisition of a 29.99% minority stake in Germany's Commerzbank to the German Cartel Office for assessment, a spokesperson for the regulator said on Wednesday.
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