Commerzbank AG Sponsored ADR (CRZBY)
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.
Intesa CEO says rival Unicredit can create value through a merger with Commerzbank
Intesa Sanpaolo Chief Executive Carlo Messina said on Thursday Unicredit can create value through a merger with Commerzbank , as the Italian rival bank already runs a large banking business in Germany.
UniCredit's rating might top Italy's if it buys Commerzbank, Moody's says
Moody's would consider hiking UniCredit's credit rating one notch above Italy's sovereign rating if it bought Commerzbank, depending on a number of factors including an ability to contain execution and operational risks, the ratings agency said.
Commerzbank CEO tells staff: UniCredit stake 'not something we chose'
Commerzbank's Chief Executive Officer said on Tuesday that the Italian bank UniCredit "might want more" of Commerzbank and that "this wasn't something we chose".
Italy could intervene over UniCredit HQ in Commerzbank deal
Italy fears that UniCredit may shift its central offices to Germany as part of any deal with Commerzbank , government officials said, adding Rome expects to have a say in the matter based on its 'golden power' rules.
UniCredit and Commerzbank in five charts
UniCredit chief executive officer Andrea Orcel and Commerzbank's designated chief Bettina Orlopp have held a first round of talks as the Italian bank presses to explore a tie-up and the German bank readies its defence.
The Disruptive Bank Deal Everyone Wanted---Until It Happened
UniCredit's effort to buy Germany's Commerzbank is a test of a broader project to revive Europe's vitality and stature in the world.
UniCredit CEO Orcel attended virtual meeting with Commerzbank, source says
UniCredit chief Andrea Orcel attended a virtual meeting the Italian bank held on Friday with Commerzbank after becoming the German lender's biggest private investor, a source with knowledge of the matter told Reuters.
What might a combination of UniCredit and Commerzbank look like?
Executives from UniCredit and Commerzbank held their first meeting on Friday, after the Italian bank this month emerged as the biggest investor in its German peer with a nearly 21% stake, subject to supervisory approval.
Exclusive: Germany's finance minister underscores concern over Commerzbank takeover approach to Italy, say sources
Germany's finance minister has underscored to Italy's Treasury his concerns over any hostile takeover of Commerzbank by Italy's UniCredit in recent days, according to two people familiar with the matter, in a wider bid by Berlin to halt a hostile takeover.
Commerzbank-UniCredit to meet virtually on Friday, says source
A meeting between Commerzbank and UniCredit on Friday will be held virtually in the morning, a source told Reuters.
