Latest News of RZB
Commerzbank AG (CRZBF) Q3 2024 Earnings Call Highlights: Strong Net Result and Strategic Share ...
By Yahoo! Finance |
2 weeks ago
Commerzbank faces uncertainty in ECB rates impacting NII and fair value in 2025. CEO Orlopp explains NII adjustment and Q4 drop due to rate cuts. Increase in climate risk provisions aligns with regula...
Commerzbank Q3 net profit down 6% but better than expected
By Yahoo! Finance |
2 weeks ago
Commerzbank reported a 6.2% drop in net profit in the third quarter, impacted by lower interest income and increased risk provisions. Despite this, the bank raised its outlook for net interest and com...
Cost cuts in any Commerzbank merger would affect headquarters not branches, Unicredit CEO tells Economist
By Yahoo! Finance |
1 month ago
UniCredit CEO Andrea Orcel mentioned that cost cuts from a potential Commerzbank acquisition would focus on the head office, not branches. UniCredit aims for a merger or selling its stake for profit. ...
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German Experts Speak Out in Favor of Commerzbank Takeover by UniCredit
By Yahoo! Finance | 1 month agoGerman experts are supporting the potential acquisition of Commerzbank AG by a rival like UniCredit SpA to strengthen the country's banking sector. This move could enhance profitability and boost EU f...
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Do Commerzbank's (ETR:CBK) Earnings Warrant Your Attention?
By Yahoo! Finance | 1 month agoInvesting in companies with a proven track record of revenue and profit like Commerzbank is favored by many investors over high-risk, loss-making companies. Commerzbank's impressive earnings growth an...
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Exclusive-Germany's finance minister underscores concern over Commerzbank takeover approach to Italy, say sources
By Yahoo! Finance | 1 month agoGermany's finance minister expressed concerns to Italy's Treasury about a hostile takeover of Commerzbank by UniCredit. Berlin is working to halt the takeover, crucial for financing Mittelstand firms....
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Commerzbank, UniCredit to meet virtually early on Friday, source says
By Reuters | 1 month agoBy Tom SimsFRANKFURT (Reuters) -A meeting between Commerzbank and UniCredit bankers on Friday will be held virtually in the morning, a person with direct knowledge of the matter told Reuters.The meeti...
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German govt rules out increasing Commerzbank stake again, says lawmaker
By Yahoo! Finance | 1 month agoGermany has decided against raising its stake in Commerzbank in the Unicredit takeover conflict, as confirmed by lawmaker Michael Schrodi. The long-term possibility remains uncertain....
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UniCredit ups stake in Commerzbank to 21 percent
By Yahoo! Finance | 1 month agoUniCredit has increased its stake in Commerzbank to 21%, potentially signaling a takeover bid. It aims to raise its stake to 29.9% and has the option to retain, sell, or increase its shareholding base...
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Commerzbank shares fall 3% as German government retains stake
By Reuters | 1 month agoFRANKFURT (Reuters) - Shares of Commerzbank traded 3.1% lower on Monday after the government said that it would retain its 12% stake in the German bank for now in a move that will likely keep any ...
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Germany Halts Commerzbank Share Sales to Block Any UniCredit Bid
By Yahoo! Finance | 2 months agoGermany halts further sale of Commerzbank shares, signaling resistance to UniCredit takeover. UniCredit CEO Orcel's purchase of a 9% stake raised concerns in Berlin. Government wants Commerzbank to re...
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Commerzbank Reverse Takeover Option Could Address Some Issues -- Market Talk
By MarketWatch | 2 months agoRBC Capital Markets suggests that a reverse takeover of Commerzbank by UniCredit's HypoVereinsbank could benefit both banks, with UniCredit becoming the largest shareholder. Analysts see this as a pot...
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Explainer-ECB's role in any UniCredit and Commerzbank combination
By Yahoo! Finance | 2 months agoUniCredit has acquired a 9% stake in Commerzbank with plans to potentially increase it to 29.9% and consider a full takeover. ECB approval is needed for any stake over 10%, with examination criteria i...
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Analysis-UniCredit's Orcel takes aim at Europe's banking borders with Commerzbank bet
By Yahoo! Finance | 2 months agoAndrea Orcel, CEO of UniCredit, aims to break Europe's resistance to cross-border banking mergers. Despite hurdles, including political and regulatory barriers, UniCredit's ambition for a combined gro...
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Exclusive-Commerzbank poised to put CFO Orlopp in charge of talks with UniCredit, sources say
By Yahoo! Finance | 2 months agoCommerzbank is set to appoint CFO Bettina Orlopp to lead talks with UniCredit for a potential merger. The decision will be made during a meeting near Frankfurt next week. Commerzbank's management is a...