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Germany’s chancellor decried “unfriendly attacks” on banks after UniCredit moved to raise its stake in the lender.
In the latest intrigue in a cross-border banking deal saga, German premier Olaf Scholz rose to Commerzbank's defense after Italian suitor UniCredit moved to speed along a possible takeover.
US and European shares nudged higher Monday as momentum from last week was restrained by weaker eurozone economic data.
Commerzbank is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. UniCredit said it bought financial contracts that could more than ...
The UniCredit-Commerzbank takeover saga not only highlights the clash between cross-border consolidation and national ...
German Chancellor Olaf Scholz warned Monday against "hostile" and "unfriendly" takeovers, after Italy's UniCredit revealed it had significantly raised its stake in German lender Commerzbank.
The German government would oppose a takeover of Commerzbank, a finance ministry source said Monday, after Italy's UniCredit unexpectedly announced it had raised its stake in the German lender to ...