Commerzbank AG (CRZBF)

UniCredit CEO Andrea Orcel said on Wednesday he currently saw little scope to advance his acquisition strategy, given that Commerzbank had become too pricey and Italy was effectively blocking a takeov...

The UniCredit CEO stressed that UniCredit is presently "far away" from a merger bid with Commerzbank and would first seek a "constructive solution" to opposition from the German government.

German Chancellor Friedrich Merz criticised UniCredit's effort to build up a stake in Commerzbank on Tuesday, saying that the Italian lender's approach was unacceptable.

Germany does not expect Italy's UniCredit to launch a full bid for German rival Commerzbank at present, German Chancellor Friedrich Merz said on Saturday.

The German finance ministry on Friday denied a media report that Finance Minister Lars Klingbeil could meet with his Italian counterpart to discuss UniCredit's push for a merger with Commerzbank.

Some 200 Commerzbank employees protested early Thursday against a possible takeover of the German lender by UniCredit.

Commerzbank on Wednesday said it had reached an agreement with the works council on the terms to cut around 3,900 jobs by 2028, part of a strategy to help it deliver more ambitious profit targets.

Commerzbank's priority is the execution of its own strategy and that markets can see what the lender can achieve as a standalone company, CEO Bettina Orlopp plans to tell shareholders at an annual mee...

Commerzbank derived 67% of its Q1 2025 revenue from net interest income—a key concern amid ECB rate cuts. Segment performance was particularly strong at mBank, which saw lower FX mortgage provisions. ...

Commerzbank AG (OTCPK:CRZBF) Q1 2025 Earnings Conference Call May 9, 2025 3:00 AM ET Company Participants Bettina Orlopp – Chief Executive Officer Carsten Schmitt – Chief Financial Officer Conference ...