ECB Signals No Grounds to Block UniCredit's Commerzbank Move Despite BaFin Concerns
Companies

ECB Signals No Grounds to Block UniCredit's Commerzbank Move Despite BaFin Concerns

A confidential ECB document reportedly concludes there is no reason to reject UniCredit's acquisition of control over Co...

Declan Byrne 👁 41 💬 0
DAX Clears 26,000 for First Time as Commerzbank Yields to UniCredit
Markets

DAX Clears 26,000 for First Time as Commerzbank Yields to UniCredit

Germany’s blue-chip index hit a fresh all-time high above 26,000 points despite economic gloom, while Commerzbank agreed...

Yael Ben-David 👁 62 💬 0
Deutsche Bank downgrades Amundi to 'Hold' after 50% surge in one year
Companies

Deutsche Bank downgrades Amundi to 'Hold' after 50% surge in one year

Deutsche Bank cut Europe's largest asset manager to Hold after a 55% rally, saying the stock now trades in line with pee...

Declan Byrne 👁 31 💬 0
Commerzbank Posts Record First-Half Profit as UniCredit Tightens Grip
Companies

Commerzbank Posts Record First-Half Profit as UniCredit Tightens Grip

Commerzbank’s Q2 net profit nearly doubled to €898 million, fueling a €1.2 billion buyback plan as CEO Orlopp prepares f...

Declan Byrne 👁 29 💬 0
Unicredit CEO Talks ‘Control’ of Commerzbank as Berlin Reshuffles Its Top Team
Companies

Unicredit CEO Talks ‘Control’ of Commerzbank as Berlin Reshuffles Its Top Team

Andrea Orcel has frozen a share buyback and for the first time spoken of seeking ‘control’ of Commerzbank, just as Chanc...

Declan Byrne 👁 57 💬 0