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UniCredit CEO Says EU Needs Bigger Banks
UniCredit CEO Says EU Needs Bigger Banks as He Eyes Commerzbank
UniCredit SpA Chief Executive Officer Andrea Orcel, who’s pursuing a potential takeover of German rival Commerzbank AG, said Europe’s banks aren’t large enough to cover the bloc’s funding needs.
UniCredit working for more integrated European financial services, CEO says
UniCredit is working for closer financial integration in Europe, a mandatory step if the bloc's economy wants to address its yawning output gap with the United States, CEO Andrea Orcel said on Tuesday.
ECB chief backs bank mergers amid UniCredit, Commerzbank talk
ECB chief Christine Lagarde said Monday that cross-border banking mergers in Europe were "desirable" to boost their competitiveness, despite mounting German opposition to a potential tie-up between Commerzbank and Italy's UniCredit.
7h
on MSN
UniCredit's 'federal model' boosts its foreign subsidiaries, CEO says
UniCredit has built a "federal model" as a pan-European bank with subsidiaries in each of its 13 markets that can act locally ...
3d
UniCredit CEO Orcel Attended Virtual Meeting With Commerzbank, Source Says
Commerzbank's designated CEO Bettina Orlopp was also present on Friday's conference call, which a UniCredit source had ...
6d
on MSN
UniCredit Sees All Options Open for Commerzbank Stake But Won’t Seek Board Seat
Italy’s UniCredit won’t seek a seat on Commerzbank’s supervisory board despite a recent move to become the German bank’s ...
1d
UniCredit to shift retrained staff from central offices to network, sources say
UniCredit plans to invest significantly in the retraining of 600 staff who will then be largely moved to the Italian bank's ...
4d
Factbox-What Might a Combination of UniCredit and Commerzbank Look Like?
At 61 billion euros ($68 billion), UniCredit's market value is roughly three times Commerzbank's 19 billion euros. Shares in ...
devdiscourse
4d
Ambitious Cross-Border Banking Merger: UniCredit's Bold European Move
Andrea Orcel, CEO of UniCredit, aims to create a new pan-European banking giant by pursuing a merger with Germany's ...
1d
UniCredit and Commerzbank in five charts
UniCredit chief executive officer Andrea Orcel and Commerzbank's designated chief Bettina Orlopp have held a first round of ...
4d
Commerzbank and UniCredit set to meet as takeover prospect looms
Commerzbank and UniCredit are set to begin talks Friday, with the German bank on the defensive over a potential takeover.
7d
Commerzbank board member warns of significant job losses with a hostile UniCredit takeover
Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC’s Annette Weisbach that “we certainly hope we can avoid” a hostile takeover by the Italian bank.
1d
on MSN
Italy could intervene over UniCredit HQ in Commerzbank deal
Italy fears that UniCredit may shift its central offices to Germany as part of any deal with Commerzbank, government ...
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Related topics
Commerzbank
Europe
Germany
Andrea Orcel
Milan
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