Agrees to buy Dresdner Bank, one of Germany's biggest banks, from insurer Allianz in a $14.5 billion deal. Commerzbank is Germany's first commercial bank to turn to the government for capital ...
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Germany's Commerzbank to cut thousands of jobsparticularly staff functions and back-office roles. Germany's second-largest retail bank has around 20,000 full-time employees in its home market currently. Commerzbank boss Bettina Orlopp is ...
LONDON (Reuters) - UniCredit's CEO Andrea Orcel said on Wednesday he was "less optimistic" about the prospects for sizeable European banking consolidation than a few months ago because bank bosses ...
even as economists caution that the threat of tariffs will weigh on economic growth in Germany this year. Commerzbank has seen a “very good start, and that across all segments,” Orlopp said ...
UniCredit's plans for Commerzbank immediately sparked an angry backlash in Germany, with the Frankfurt-based lender rescued by the state in 2009 vowing to remain independent. "We are convinced of ...
People familiar with the matter say the regulator is likely to agree given the low market share of both UniCredit and Commerzbank in Germany.
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