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Commerzbank upgrades its 2025 silver price by 6%, says $35 ‘likely to be reached soon'
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.
UniCredit vs Commerzbank: Key metrics for the two banks
The European Central Bank has given UniCredit approval to buy up to 29.9% of Commerzbank , the Italian bank said on Friday, adding it would likely wait until next year before deciding whether to pursue an acquisition.
UniCredit Gets ECB Greenlight to Raise Stake in Commerzbank
The Italian bank said it had received authorization to increase its holding in the potential takeover target to up to 29.9%.
Commerzbank: ECB's authorization on UniCredit stake doens't change fundamental situation
Commerzbank said on Friday that the European Central Bank's authorization for UniCredit to increase its stake in the German bank to just under 30% does not change the "fundamental situation".
UniCredit secures ECB's approval for Commerzbank stake
The European Central Bank has given UniCredit approval to buy up to 29.9% of Commerzbank , the Italian bank said on Friday, potentially paving the way for CEO Andrea Orcel to pursue a takeover of Germany's second-biggest listed bank.
Exclusive: ECB poised to approve UniCredit's investment in Commerzbank, source says
The European Central Bank is poised to give Italy's UniCredit the green light to build up its stake in German rival Commerzbank , a person familiar with the matter told Reuters, a move that could pave the way for Europe's biggest cross-border banking deal since the global financial crisis.
German regulator: UniCredit reports planned acquisition of Commerzbank minority stake
Germany's competition regulator says Italian lender UniCredit has reported its planned acquisition of a minority stake in Germany's Commerzbank for assessment.
Commerzbank signs 15-year contract for new high-rise Frankfurt office
Commerzbank , which last week announced job cuts in Germany as it fends off a takeover approach from Italy's UniCredit , has signed a 15-year rental contract for a new high-rise office in Frankfurt.
Commerzbank AG (CRZBF) Q4 2024 Earnings Call Transcript
Commerzbank AG (OTCPK:CRZBF) Q4 2024 Earnings Conference Call February 13, 2025 3:00 AM ET Company Participants Bettina Orlopp - Chief Executive Officer Carsten Schmitt - Chief Financial Officer Conference Call Participants Jeremy Sigee - BNP Paribas Borja Ramirez - Citi Johannes Thormann - HSBC Benjamin Goy - Deutsche Bank Anke Reingen - RBC Riccardo Rovere - Mediobanca Máté Nemes - UBS Stefan Stalmann - Autonomous Operator Hello and a warm welcome to the Commerzbank AG Conference Call regarding the Fourth Quarter Results 2024. Please note that this call is being transmitted as well as recorded by audio webcast and will subsequently be made available for replay on the Internet.
UniCredit 'feels a little bit like an activist investor,' Commerzbank CEO says
Commerzbank CEO Bettina Orlopp discusses the bank's strategic plans.
Germany's second-largest lender Commerzbank to cut 3,900 jobs as it unveils new targets
Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets. Germany's second-largest lender anticipates around 700 million euros ($730.7 million) of before-tax restructuring costs in 2025, targeting a net result of 2.4 billion euros after these charges for the year.
Commerzbank to cut 3,900 jobs, mainly in Germany
Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders.
