Commerzbank AG Sponsored ADR (CRZBY)
Commerzbank to buy back up to 600 million euros in shares
Germany's Commerzbank said on Monday that it had received regulatory approval to buy back up to 600 million euros ($655 million) in shares.
Commerzbank's future is up to its board and management, German minister says
Commerzbank's management and supervisory board is responsible for deciding the lender's next steps after Italian rival Unicredit became its largest private shareholder, German Finance Minister Christian Lindner said on Wednesday.
REUTERS POLL Commerzbank's mBank seen returning to profit in Q3
Commerzbank's Polish unit is expected to post a third quarter net profit of 476 million zlotys ($118.7 million) due to lower costs of legal risk related to foreign currency loans and higher net interest income, a Reuters poll showed on Wednesday.
UniCredit Italian shareholder Cariverona confirms support for Commerzbank move
Fondazione Cariverona, a major Italian shareholder in UniCredit , confirmed its support for the bank's management in regards to Commerzbank , its chairman said on Monday.
Commerzbank must be fully privatised, but gov't is not on a hurry, Lindner says
German state-backed lender Commerzbank must be fully privatised, but the government is in no hurry, German Finance Minister Christian Lindner told Reuters in an interview on Friday.
Commerzbank CEO focused on standalone strategy amid UniCredit interest
Commerzbank CEO Bettina Orlopp said on Friday that the lender was focusing on its standalone strategy, reiterating her stance as Italy's UniCredit expresses interest in a possible tie-up.
UniCredit buys protection on Commerzbank stake from Jefferies, source says
UniCredit has further hedged potential downside risks on its stake in rival Commerzbank by signing financial derivative contracts with Jefferies to keep its options open, a person close to the matter said.
Commerzbank considering its own acquisitions, CEO tells paper
Commerzbank is considering its own acquisitions, for example in the area of asset management, its CEO Bettina Orlopp told German business news outlet WirtschaftsWoche in an interview published on Friday.
Verdi union against Commerzbank cross-border merger regardless of bidder nationality
German trade union Verdi would oppose a cross-border merger for Commerzbank even if the bidder was not an Italian bank like UniCredit , an official said on Saturday.
Exclusive: Germany working to thwart UniCredit's bid for Commerzbank, sources say
Germany is working to frustrate a possible takeover of one of its biggest banks by an Italian rival, a stance that pits Berlin against Rome and Europe's regulators, several people familiar with government and regulators' thinking told Reuters.
Commerzbank would lose clients in UniCredit merger, German lender's CEO says
Commerzbank and UniCredit did not discuss a merger at a recent meeting, the German lender's CEO Bettina Orlopp told a local newspaper, saying any tie-up with its Italian peer would result in the loss of customers.
Cost cuts in any Commerzbank merger would affect headquarters not branches, Unicredit CEO tells Economist
Cost cuts at Commerzbank if UniCredit were to buy its German rival would mostly affect its head office not its branch network, UniCredit CEO Andrea Orcel was quoted as saying on Friday.
