UniCredit has approached Commerzbank about exploring merger talks, a source with knowledge of the matter said, after the Italian lender bought 9% of the...
FILE PHOTO: The logo of Germany 's Commerzbank is seen in the late evening sun on top of its headquarters in Frankfurt - UniCredit has approached Commerzbank about exploring merger talks , a source with knowledge of the matter said, after the Italian lender bought 9% of the German bank.
Cerberus calls on Commerzbank to appoint two of its nominees to the supervisory board, cut costs and adopt a new strategy.Commerzbank's new CEO, Manfred Knof, wants to cut 10,000 jobs and close hundreds of branches as part of a strategy revamp announced just weeks after taking on the top job.UniCredit CEO Andrea Orcel previously approached Knof about a potential deal in early 2022, before the Ukraine war, people with knowledge of the matter have told Reuters.Jan.
Sept. 10 Commerzbank said Knof won't seek another term when his contract ends in December 2025, as the German government began to sell some of its shares. At an air base on the outskirts of Lipetsk in western Russia, Vladimir Putin’s elite fighter jocks prove their aerobatic worth at Moscow’s ‘Top Gun’ aviator school.DEIR AL-BALAH, Gaza Strip — Israeli airstrikes across Gaza overnight and Wednesday hit a U.N. school sheltering displaced Palestinian families as well as two homes, killing at least 34 people, including 19 women and children, hospital officials said.
Deutsche Bank Unicredit Germany Merger Talks Manfred Knof
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