European banking’s latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc’s incomplete banking union.
UniCredit chief executive Andrea Orcel said Wednesday the Italian bank was not seeking a seat on the supervisory board of Commerzbank, after becoming the largest shareholder in its German rival.
He said that Commerzbank plays a crucial role in financing Germany's small and medium-sized companies. He cast UniCredit's bid for a tie-up in stark terms, saying the aquisition "would destroy ...
The battle for Germany’s Commerzbank CBK2.57%increase ... government rallying to the bank’s defense after Italian suitor UniCredit UCG 1.43%increase; green up pointing triangle moved to ...