UniCredit is aiming to acquire Commerzbank in the fourth quarter, the CEO of the Italian bank told CNBC in an exclusive interview. Speaking with CNBC’s “Europe Early Edition,” UniCredit CEO Andrea Orcel said the bank is happy with its position in Commerzbank, with the bank now closing in on full control of the German lender,…
Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty Images UniCredit CEO Andrea Orcel told CNBC Tuesday that he does not foresee a future where the Italian lender fully controls Commerzbank. Orcel’s comments came as the Italian lender’s tender offer to raise its stake…
A trading floor manager works on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Monday, May 4, 2026. Michael Nagle | Bloomberg | Getty Images LONDON — European stocks are expected to open mostly lower on Tuesday as investors digest the latest developments…
UniCredit has launched an offer to build its stake in Commerzbank above 30%, a key regulatory threshold if the lender is to launch a full takeover bid. The Milan-headquartered UniCredit already holds a 28% stake in Commerzbank, comprising about 26.04% in shares with the rest in total return swaps. The deal is expected to involve…
Japan’s Prime Minister Sanae Takaichi, leader of the ruling Liberal Democratic Party (LDP) speaks to the media at the LDP headquarters on general election day in Tokyo, Japan, Feb. 8, 2026. Kim Kyung-Hoon | Anadolu | Getty Images Japan’s Sanae Takaichi and her ruling Liberal Democratic Party secured an overwhelming mandate in Sunday’s election, sweeping…
Bank chiefs called for calm on Tuesday as stocks plummeted after President Donald Trump’s threats of fresh tariffs. The pan-European Stoxx 600 dropped about 1.2% in morning trade Tuesday — with the continent’s major bourses and most sectors heavily selling off — after Trump floated a potential 200% levy on French wine and champagne. In…
Two types of story dominated the chatter in the newsroom this week. The watercooler favourite? The antics of high-profile CEOs, with the departure of Nestle’s boss over an undisclosed affair with a subordinate and the resignation of Suntory’s CEO over the possible purchase of illegal substances both causing a stir in the London and Singapore…
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 22, 2025 in New York City. Michael M. Santiago | Getty Images September in markets is a bit like a Monday morning; no one looks forward to it, and it usually lives up to its reputation. August gave investors…
European stock markets are heading for a mixed open on Friday as attention turns to inflation prints from some of the region’s biggest economies, along with the U.S. Price rise data is due from France, Spain, Italy and Germany, ahead of the flash August reading for the euro area next Tuesday. Stateside, investors will be…
View of the branches of the Italian bank Monte deo Paschi in Rome. Nurphoto | Nurphoto | Getty Images By late spring, Italy’s banking world was swept up in a storm of convoluted takeover bids and counterbids involving a swathe of the country’s major lenders. Three months later, only one high-profile bid is still standing….
