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 ...
UniCredit CEO Approaches Commerzbank About Merger After Share Swoop, Source Says By John O'Donnell, Valentina Za and Tom Sims FRANKFURT/MILAN (Reuters) -UniCredit's CEO approached Commerzbank ...
Italy’s UniCredit took a stake of around 9% in smaller German peer Commerzbank and opened the door to further share purchases, reviving the prospect of a deeper tie-up between the banks.