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,

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

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

Commerzbank AG is looking at job cuts and moving roles outside Germany as part of a strategy update that the lender is set to present on Feb. 13, the Financial Times reported, citing people familiar with the matter.

Commerzbank on Wednesday defined UniCredit's approach for a potential tie-up as "hostile", and said there had been no discussion of it with the Italian bank in the past two years, despite UniCredit CEO Andrea Orcel saying there had.

Germany's sluggish economic growth is a key obstacle. The country is projected to grow at an average rate of just 0.5% annually in the coming years, far below the levels required to accommodate a substantial increase in defense expenditure without impacting other sectors.

Warburg Research analyst Andreas Plaesier maintained a Buy rating on Commerzbank (0RLW – Research Report) today and set a price target of

"The behavior of the potential acquirer was very aggressive, very opaque, untransparent," Germany's Jörg Kukies told CNBC of UniCredit's bid for Commerzbank. The move by UniCredit, which is ...

Commerzbank shares were up three percent on Monday, making it the top performer on Germany's blue-chip DAX index. Commerzbank CEO Bettina Orlopp in December refused to rule out redundancies in an ...

LONDON/MADRID (Reuters) - European banks are expected to report a sharp rise in profits for the final three months of last year, helped by still-robust margins from lending and bumper investment banking revenues.

The fates of government-backed mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMCC) are still to be determined, with new Treasury Secretary Scott Bessent saying no conservatorship should be indefinite but also not providing any privatization plan during his confirmation hearing.

Book halves after tightening ◆ Bond prices at fair value ◆ Tightening by 1bp could 'kill a trade for the German states right now'