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Germany must oppose UniCredit takeover of Commerzbank, employees say

By Tom Sims and Christian Kraemer FRANKFURT (Reuters) -Commerzbank employees and a prominent labour union on Friday called on the German government to oppose a takeover of the German lender by Italy's UniCredit as workers fear massive job losses if a deal goes through.

Bloomberg L.P. · 3d

UniCredit May Repeat Germany Cost Cuts at Commerzbank, KBW Says

UniCredit SpA has demonstrated at its existing German unit that it can cut costs in the country, which bodes well for its potential plans for Commerzbank AG, analysts at KBW wrote in a note.

The Financial Times · 1d

Berlin ‘very sceptical’ about UniCredit move on Commerzbank

Opposition within the German government to a potential takeover of Commerzbank by UniCredit is solidifying, amid anger at the way the Italian bank acquired its 9 per cent stake and concern over potential macroeconomic risks a merger might pose to the German economy.

7hon MSN

Germany must oppose UniCredit takeover of Commerzbank, bank employees and union warn

FRANKFURT (Reuters) -Commerzbank employees and a prominent labour union on Friday called on the German government to oppose a ...

Exclusive-Commerzbank Poised to Put CFO Orlopp in Charge of Talks With UniCredit, Sources Say

FRANKFURT (Reuters) -Commerzbank is poised to put CFO Bettina Orlopp in charge of talks with UniCredit when the German bank's ...

Commerzbank Labor Union ‘Bitterly’ Opposes Any Unicredit Merger

Commerzbank AG’s labor representatives are “bitterly determined” to prevent a merger with Italian rival UniCredit SpA, warning that two-thirds of the jobs at the German lender could be cut in a ...

KELO3d

UniCredit to seek ECB approval to potentially buy up to 30% of Commerzbank, sources say

UniCredit will seek ECB clearance to potentially buy up to 30% of Commerzbank, three people close to the matter said, in ...

Euromoney3d

How UniCredit became a real contender for Commerzbank

If UniCredit is close to acquiring Commerzbank, it’s not just the result of a quick and crafty deal in the equities market.

Italy's UniCredit CEO Rules Out Commerzbank Takeover Bid

The CEO of Italian lender UniCredit ruled out a takeover bid for Germany's Commerzbank in an interview published Thursday, but confirmed he was seeking central bank permission to increase its stake to ...