Germany's Commerzbank has demanded a formal written proposal amid a potential takeover by Italian bank UniCredit. "We have always signalled our willingness to talk and would examine a proposal from UniCredit in the interests of all stakeholders,

The behavior of the potential acquirer was very aggressive, very opaque, untransparent,” Germany’s Jörg Kukies told CNBC of UniCredit’s bid for Commerzbank.

Commerzbank chief Bettina Orlopp shot down an invitation from Andrea Orcel to hold informal talks about a potential tie-up with UniCredit, and has instead insisted on receiving a written proposal before engaging, according to people familiar with the situation.

Suggestions that German lender Commerzbank was considering cutting thousands of jobs as it fights off an unwanted advance from Italy's UniCredit had unsettled employees, a senior trade union official said Monday.

Commerzbank on Wednesday defined UniCredit's approach for a potential tie-up as "hostile", and said there had been no discussion of it with the Italian bank in the past two years, despite UniCredit CEO Andrea Orcel saying there had.

Warburg Research analyst Andreas Plaesier maintained a Buy rating on Commerzbank (0RLW – Research Report) today and set a price target of

Commerzbank's supervisory board chairman Jens Weidmann said there is little chance for an amicable merger with UniCredit after the Italian bank's surprise purchase of a hefty stake in the German lender,

German lender under pressure to cut costs and boost returns after unwanted approach from UniCredit. Read more at straitstimes.com.

Germany and Europe should continue on the path of expanding low-carbon energies during the second presidency of Donald Trump, a climate change sceptic, outgoing German vice chancellor Robert Habeck said on Tuesday.

Commerzbank AG is looking at job cuts and moving roles outside Germany as part of a strategy update that the lender is set to present on Feb. 13, the Financial Times reported, citing people familiar with the matter.

Commerzbank Aktiengesellschaft (CZB) Commerzbank completes share buyback of €600 m – Second tranche of up to €400 m applied for 21-Jan-2025 / 09:58 CET/CEST The issuer is solely responsible for the content of this announcement.

Commerzbank AG stepped up its rhetoric against the approach from UniCredit SpA, further complicating the situation for the Italian lender.Most Read from BloombergHow Sanctuary Cities Are Preparing for