Category: Commerzbank
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Verdi union against Commerzbank cross-border merger regardless of bidder nationality By Reuters
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ROME (Reuters) – German trade union Verdi will oppose Commerzbank’s cross-border merger even if the bidder is not an Italian bank like UniCredit, an official said on Saturday. Berlin was surprised by UniCredit’s decision to build a significant stake in state-backed Commerzbank, a move the Italian bank says could lead…
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UniCredit CEO Orcel attended virtual meeting with Commerzbank, source says By Reuters
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MILAN (Reuters) – UniCredit President Andrea Ursel attended a virtual meeting held by the Italian bank on Friday with Commerzbank (ETR:) after it became the German bank’s largest private investor, a source familiar with the matter told Reuters. Commerzbank’s CEO-designate, Bettina Orlop, was also present at the conference call on…
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Analysis-UniCredit’s Orcel takes aim at Europe’s banking borders with Commerzbank bet By Reuters
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By John O’Donnell FRANKFURT (Reuters) – For decades, Andrea Orcel has been the “rainmaker” to whom chief executives turned for advice on the big deals that reshaped the banking landscape. Now, as CEO of UniCredit, the Italian has set himself his biggest test yet — breaking Europe’s deep-rooted political resistance…
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Germany’s Commerzbank and DZ Bank To Offer Bitcoin and Crypto Trading
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Two of Germany’s five largest banks, Commerzbank and DZ Bank, have launched Bitcoin and cryptocurrency trading services amid growing institutional demand. Urgent: ?? Commerzbank to offer $500 billion #Bitcoin And trading in cryptocurrencies. pic.twitter.com/KrOCOx5N9P — Bitcoin Magazine (@BitcoinMagazine) September 19, 2024 Commerzbank, the country’s second-largest bank by number of branches,…
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Germany’s Commerzbank and DZ Bank To Offer Bitcoin and Crypto Trading
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Two of Germany’s five largest banks, Commerzbank and DZ Bank, have launched Bitcoin and cryptocurrency trading services amid growing institutional demand. Urgent: ?? Commerzbank to offer $500 billion #Bitcoin And trading in cryptocurrencies. pic.twitter.com/KrOCOx5N9P — Bitcoin Magazine (@BitcoinMagazine) September 19, 2024 Commerzbank, the country’s second-largest bank by number of branches,…
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European banks rise as UniCredit’s move on Commerzbank lifts M&A prospects to forefront By Reuters
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By Gianluca Lo Nostro and Philippe Leroy-Beaulieu (Reuters) – European banking shares extended their upward trend on Thursday, driven mostly by UniCredit’s performance report after it bought a 9 percent stake in Germany’s Commerzbank the previous day. The pan-European banking sub-index rose 1.9% by 1010 GMT, with analysts pointing to…
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UniCredit buys Commerzbank stake from German government (Pink Current Info:CRZBF)
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ollo/iStock Not published via Getty Images Italy’s UniCredit (OTCPK:UNCFF) (OTCPK:UNCRY) has bought a 9% stake in Germany’s Commerzbank (OTCPK:CRZBF) (OTCPK:CRZBY), a move that has sparked speculation about a potential merger in the banking sector. the acquisition Includes 4.49% purchased from the German government and the remaining shares acquired. The market.…
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Commerzbank hint at the potential for more Japanese intervention to support the yen
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Justin gives us the latest from the Bank of Japan: And through an excerpt from Commerzbank, analysts there also see the Bank of Japan adopting a stance that favors further interest rate hikes, thus supporting the yen: The Bank of Japan does not expect its policy path to significantly reduce…
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Commerzbank hint at the potential for more Japanese intervention to support the yen
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Justin gives us the latest from the Bank of Japan: And through an excerpt from Commerzbank, analysts there also see the Bank of Japan adopting a stance that favors further interest rate hikes, thus supporting the yen: The Bank of Japan does not expect its policy path to significantly reduce…
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Commerzbank rises on decade-high quarterly earnings
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Commerzbank AG raised its lending income forecast this year after recording its best quarterly profit in more than 10 years. The German lender generated net income of 747 million euros ($808 million) in the three months through March, beating analysts’ consensus of 656 million euros, Commerzbank said in a statement…