Commerzbank Financial News

31.01 / 14:59

markets UPS Target Reuters Commerzbank performer Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCredit

Commerzbank on Friday unexpectedly released quarterly results, touting «record» annual profit and announcing a new share buyback scheme.

28.01 / 13:29

Target CEO Strategy wellness Commerzbank Courts Profiles Italy's Mediobanca rejects Monte dei Paschi's 'destructive' 13-billion-euro takeover bid

Shareholders of Italian lender Mediobanca on Tuesday rejected a 13-billion-euro takeover offer from smaller domestic peer Monte dei Paschi, amid a ramp-up in consolidation bids in the Italian banking sector.

18.12 / 08:57

markets UPS CEO community Commerzbank UniCredit raises stake in Commerzbank to 28% as Orcel ups ante on pursuit

Italy's UniCredit said on Wednesday it has raised its potential stake in Commerzbank to 28% using further derivatives, as markets watch whether it will take the leap with a buyout of the German lender.

06.12 / 06:57

Target Strategy economy Morningstar Commerzbank Trade stage UniCredit's Orcel could still sweeten his bid and take on a double M&A offensive

Divided between two takeover courtships, UniCredit's Andrea Orcel still has room to sweeten his bid for Italy's Banco BPM, analysts say, while political turmoil stalls a deal with Germany's Commerzbank.

25.11 / 07:21

UPS Reuters Nov Commerzbank Updates UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion

Italian lender UniCredit on Monday offered to snap up its domestic rival Banco BPM for roughly 10 billion euros ($10.5 billion) in a move it says is separate from its pursuit of German bank Commerzbank.

15.10 / 08:43

markets Commerzbank Trade Updates Dutch government to reduce its stake in ABN Amro by a quarter

The Dutch government on Tuesday said it will reduce its stake in lender ABN Amro by a quarter to 30% through a trading plan.

06.10 / 02:05

COST UPS Waves Career Commerzbank stars Can Andrea Orcel, Europe’s star banker, create a super-bank?

Subscribe to enjoy similar stories. The career of Andrea Orcel vividly encapsulates the recent history of European banking. At Merrill Lynch, now part of Bank of America, Mr Orcel advised on deals that formed part of the wave of mergers that crested in 2007, when a pan-European troika bought ABN AMRO, a Dutch lender.

26.09 / 08:33

UPS CEO Commerzbank country voice reports France's biggest lender says there are 'too many' European banks as UniCredit moves on Commerzbank

France's BNP Paribas on Thursday said there are simply too many European lenders for the region to be able to compete with rivals from the U.S. and Asia, calling for the creation of more homegrown heavyweight banking champions.

26.09 / 06:53

markets UPS Commerzbank track reports Commentary UniCredit's pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union

European banking's latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc's incomplete banking union.

25.09 / 05:29

markets UPS BLOCK CEO Boxing Commerzbank reports Caught cold by UniCredit’s swoop on Commerzbank, Germany will want to avoid a national embarrassment

Italy's UniCredit appears to have caught German authorities off guard with a potential multibillion-euro merger of Frankfurt-based Commerzbank, a move that has triggered a fiery response from Berlin.

24.09 / 10:31

UPS Action Commerzbank Trade reports International Commerzbank board member warns of significant job losses with a hostile UniCredit takeover

Two-thirds of the jobs at Commerzbank could disappear if UniCredit successfully carries out a hostile takeover of the German lender, a Commerzbank supervisory board member warned on Tuesday.

19.09 / 11:11

Provident Digital BitPanda Commerzbank Trade Bitcoin Features Commerzbank Partners with Crypto Finance for Digital Asset Integration in Corporate Banking

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

15.09 / 18:49

markets UPS CEO Commerzbank rights Relationships The suave Italian banker who wants to be the Jamie Dimon of Europe

Subscribe to enjoy similar stories. Andrea Orcel made his name helping banks choose the moment to pounce on a rival. Last week, the CEO of Italy’s deal-hungry UniCredit made his own move on Germany’s Commerzbank.

29.05 / 16:55

Citi Provident Booking Action community Commerzbank International EBAday 2024: 100 banks registered and ready to fuel the payments technology conversation

EBAday has provided this to the Finextra and EBA community, year on year, for 18 years and will again in Lisbon at the CCL from 18-19 June 2024, leading the conversation on orchestrating the dialogue on payments and the advantages of collaboration.

20.05 / 04:51

Citi Commerzbank country reports Courts Russian court freezes assets of 2 German banks in gas project dispute

The Russian state news agency Tass says a court in St. Petersburg has ordered the seizing of assets of Germany's Deutsche Bank and Commerzbank in Russia

06.03 / 13:21

markets UPS economy wellness Commerzbank Bitcoin Gold holds near all-time-high levels ahead of Fed testimony

Gold stood tall near previous session's record highs on Wednesday as markets expect Federal Reserve Chair Jerome Powell's testimony later in the day to reveal clues on a potential June rate cut. Spot gold was steady at $2,126.75 per ounce, as of 1107 GMT after hitting a historic high of $2,141.59 per ounce in the prior session. U.S. gold futures fell 0.3% to $2,135.20.

29.01 / 06:23

COST CEO Commerzbank reports testing European banks' strong run faces major test with earnings

By Tom Sims, Jesús Aguado and Valentina Za

24.01 / 11:17

Reuters Manufacturing Compilation economy Commerzbank show Headlines Euro zone business activity contracts again in January

By Jonathan Cable

19.01 / 12:49

Commerzbank Investment trusts Investment Trust clean energy stake acquires Commerzbank acquires majority stake in Aquila European Renewables manager

The move is aimed at 'significantly accelerating' Aquila Capital’s growth to become one of the 'leading asset managers' for sustainable investment strategies in Europe.

18.01 / 13:46

Reuters Booking Waters CEO Commerzbank Trade reports NOT Deutsche Bank CEO says acquisitions not a 'priority' as Commerzbank rumors swirl

Deutsche Bank CEO Christian Sewing on Thursday said that merger and acquisition activity is not a priority for his group, as speculation resurfaces over the future of domestic rival Commerzbank.

15.01 / 10:45

markets UPS Provident Commerzbank Trade Yuan slides after PBOC, dollar little changed on MLK Day

By Joice Alves and Rae Wee

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