Commerzbank CEO says UniCredit merger will ‘create value’ despite job fears
Bettina Orlopp made the statement as the Commerzbank reported a 45% increase in Q3 profit, completing the business' best nine months in history...
Tag : European central bank
Business Leader of the Week: Christine Lagarde walks away from a Europe on edge
The first woman to run the European Central Bank tamed one inflation shock and is leaving just as another takes hold, with her successor still to be chosen...
Ahead of Commerzbank takeover, UniCredit assures markets of financing German companies
UniCredit CEO Andrea Orcel said that the lender would build on the existing corporate banking relationships of HypoVereinsbank (HVB) and Commerzbank...
UniCredit wins ECB approval to take control of Commerzbank, targets year-end takeover
The ECB authorisation is a major regulatory win for UniCredit, that tirelessly pursued the Commerzbank's acquisition since September 2024...
ECB expands blockchain push, bringing central bank money to tokenised finance
The ECB has launched Pontes, the first initiative under the Eurosystem’s strategic programme to make central bank money fit for a tokenised future...
European financial firms set for record 228 billion euro in payouts
Banks and insurers are on course to hand shareholders their biggest-ever haul of dividends and buybacks, capping a historic run for the sector...
Will the AI boom face a market correction? ECB report warns of risks
European households have about 440 billion euro of exposure to US technology stocks, raising financial stability risks if AI-driven optimism reverses...
Endgame for Commerzbank? UniCredit secures 47.6% of shares of its German counterpart
UniCredit could still struggle to advance its takeover project, due to a united opposition from the Friedrich Merz government, unions, and Commerzbank itself...
Commerzbank maintains defiant stance, urges stakeholders to ward off UniCredit
In a letter, CEO Bettina Orlopp told the shareholders that UniCredit's offer wasn't high enough and the Italian bank had not presented any 'sound plan'...
With parliamentary nod, digital euro inches closer to reality
The digital euro, as an electronic wallet guaranteed by the ECB but marketed by banks, will allow eurozone residents to make payments both online and in person...