Commerzbank announces it will cut 3,900 jobs in Germany by 2028 while hiring abroad. the bank aims for financial targets with a revised 2027 net profit goal of 3.8 billion euros. Commerzbank’s move aims to counter UniCredit’s advances for a merger. A company logo is pictured at the … Commerzbank’s Strategic Overhaul: Job Cuts and … Read more
Status: 13.02.2025 8:09 a.m. Commerzbank is preparing with savings for the defense against the Italian Institute Unicredit. By 2028, 3,900 positions are to be eliminated across the group – 3,300 of them in Germany alone. Commerzbank boss Bettina Orlopp has announced that it can gross around 3,900 full-time positions by 2028. Around 3,300 of them … Read more
Commerzbank Considers massive Job Cuts to Thwart unicredit Takeover In a bold move to fend off a potential takeover by Italian banking giant UniCredit, Commerzbank is reportedly considering cutting thousands of jobs. according to the Financial Times, the plans are set to be presented to the works council in the coming weeks, with the number … Read more
Commerzbank boss Bettina Orlopp sees major risks in a takeover by the major Italian bank Unicredit. The integration of two large banks is extremely difficult, Orlopp told the Handelsblatt. After taking over Dresdner Bank in 2008, Commerzbank spent several years merging the systems of both banks. “We cannot afford such a standstill in today’s world, … Read more
Page 1 of 2 It’s not just for bondholders that it’s worth taking a look behind the facade of the brilliant financial statements and key figures of European banks. Many are still not profitable enough. The shadow banking sector and especially private debt also pose risks. The liquidity of internationally active banking groups is often … Read more
Milan., The head of the Italian bank UniCredit, Andrea Orcel, participated on Friday in a virtual meeting with representatives of the German Commerzbank, after becoming the largest private investor in the German lender, a source familiar with the matter told Reuters. UniCredit revealed earlier this month that it bought a 9 percent stake in Commerzbank, … Read more
Unicredit vs. Commerzbank: The hunting season in the European banking market has begun – and what all this has to do with the UBS-CS deal The major Italian bank wants to acquire the German “Mittelstandsbank”, but only if Berlin and the whole of Germany do not raise a fuss. But that is what it looks … Read more
The markets are breathing a sigh of relief today, and in Germany there is an attempt at a market recovery. Commerzbank is also benefiting from this. Tomorrow the bank will present figures for the past quarter. In the coming months, monetary policy is likely to be the focus for financial stocks. On Tuesday, the markets … Read more
In the new year, Commerzbank shares are going from strength to strength. After just a week of trading, a respectable performance has already been achieved. This means that the chart picture has fundamentally changed compared to the end of the year. Now things could happen quickly. Of course it’s just a snapshot. Nevertheless, Commerzbank shares … Read more
Dhe legal disputes over Swiss franc loans pushed Commerzbank’s Polish subsidiary M-Bank into the red in the third quarter. The loss of M-Bank, which is almost 70 percent owned by Commerzbank, decreased to 83 million zloty (18.6 million euros) in the period from July to September after 2.28 billion zloty a year ago, as it … Read more