Commerzbank AG Sponsored ADR (CRZBY)
German govt rules out increasing Commerzbank stake again, says lawmaker
The German government has ruled out increasing its stake in Commerzbank again in the takeover dispute with Italy's Unicredit during a meeting of the parliamentary finance committee, lawmaker Michael Schrodi said on Wednesday.
Hostile takeover of Commerzbank harbours great risk, German finance ministry says
Hostile takeovers harbour great risks, German finance ministry state secretary Florian Toncar said on Wednesday about UniCredit's stake-building in Commerzbank.
Orcel Says UniCredit Won't Seek Commerzbank Board Seat
UniCredit CEO Andrea Orcel says he won't seek a supervisory board seat at Commerzbank. "We are an investor.
Commerzbank names new CEO
Commerzbank promotes CFO Bettina Orlopp to CEO as the German lender faces takeover advances by Italy's Unicredit. Chinese equities see an extended rally following the PBOC's decision to slash the medium-term lending rate as a part of a string of stimulus measures by the central bank.
UniCredit can walk away from Commerzbank if no conditions for deal, CEO says
UniCredit has taken the opportunity to floor the downside of its investment in Commerzbank and can just walk away if the conditions are not right for a deal, CEO Andrea Orcel said on Wednesday.
Orlopp Named First Female Commerzbank CEO as UniCredit Bid Looms
Commerzbank appointed Bettina Orlopp to replace departing CEO Manfred Knof, as it contends with a possible takeover approach from rival UniCredit. Bloomberg's Oliver Crook reports.
Gold prices to be capped at $2,600 in 2025 as inflation keeps Feds from aggressively easing - Commerzbank
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Commerzbank appoints Bettina Orlopp as CEO as UniCredit builds up stake
Bettina Orlopp will take over as chief executive officer of Germany's Commerzbank in the near future, the bank announced on Tuesday.
Germany talks tough but has limited room to halt UniCredit's advance on Commerzbank
UniCredit Chief Executive Andrea Orcel has succeeded in uniting Germany's political establishment in opposition to his stakebuilding in Commerzbank , the country's second largest lender.
Commerzbank deputy chair on UniCredit takeover: We don't want this
Commerzbank's deputy chair voiced opposition on Tuesday to a takeover of the German bank by Italy's UniCredit ,
Commerzbank board member warns of significant job losses with a hostile UniCredit takeover
Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC's Annette Weisbach that "we certainly hope we can avoid" a hostile takeover by the Italian bank. UniCredit believes substantial value can be unlocked within Commerzbank, Germany's second-largest lender, but it said that further action is required for that value to be "crystalized.
German Chancellor Scholz calls UniCredit's moves on Commerzbank ‘unfriendly'
The potential takeover of Germany's Commerzbank by Italy's UniCredit has ignited a fierce political and economic debate, with German Chancellor Olaf Scholz coming out firmly against the deal. As UniCredit raises its stake in Commerzbank from 9% to 21%, concerns over national sovereignty and economic independence have taken center stage.
