The behavior of the potential acquirer was very aggressive, very opaque, untransparent,” Germany’s Jörg Kukies told CNBC of UniCredit’s bid for Commerzbank.

Germany's Commerzbank has demanded a formal written proposal amid a potential takeover by Italian bank UniCredit. "We have always signalled our willingness to talk and would examine a proposal from UniCredit in the interests of all stakeholders,

UniCredit SpA Chief Executive Officer Andrea Orcel said he was surprised by the backlash in Germany over his efforts to acquire Commerzbank AG, saying his bank was invited to bid and communicated with all sides.

There are too many banks in Europe for an efficient capital system,” one CEO told CNBC at the World Economic Forum in Davos, Switzerland.

Commerzbank chief Bettina Orlopp shot down an invitation from Andrea Orcel to hold informal talks about a potential tie-up with UniCredit, and has instead insisted on receiving a written proposal before engaging, according to people familiar with the situation.

Suggestions that German lender Commerzbank was considering cutting thousands of jobs as it fights off an unwanted advance from Italy's UniCredit had unsettled employees, a senior trade union official

German lender under pressure to cut costs and boost returns after unwanted approach from UniCredit. Read more at straitstimes.com.

Italy's UniCredit bank said on Tuesday it would not rush a possible takeover of German rival Commerzbank and was willing to walk away but would wait first for the German election's outcome.

Ukraine to launch effort to bring war refugees back home, Verdi union warns about potential strikes in public sector, Elon Musk sparks controversy with gesture at Trump's inauguration and more news in Germany on Tuesday.

J.P. Morgan analyst Delphine Lee maintained a Buy rating on UniCredit SpA (UNCFF – Research Report) today and set a price target of €49.00. The

Deutsche Bank reported solid Q4 results with €7.2 billion in revenue, driven by a 30% YoY jump in the investment bank. Read more about DB stock here.

Germany’s largest lender Deutsche Bank on Thursday reported weaker-than-expected profit that fell sharply on the quarter in the last three months of 2024. Net profit attributable to shareholders hit 106 million euros ($110.