Commerzbank

Business

Commerzbank announces share buyback and record earnings

The update comes as the bank is fending off a takeover from Italy’s UniCredit.

31/01/2025

Economy

Banking mergers are hot - but cross-border deals still face hurdles

High interest rates have allowed banks to build cash reserves for takeovers, although national concerns could be hindering pan-European deals.

24/12/2024

Business

Unicredit ups stake in Commerzbank as it looks to ECB for next move

Previously, the ECB has indicated its support for UniCredit's potential full takeover of Commerzbank, as the European Central Bank looks to enhance the competitiveness of the European banking system on a global scale.

18/12/2024

Business

UniCredit takeover could cost thousands of jobs, warns Banco BPM boss

The smaller Italian lender had previously flagged "serious concerns" about the "employment and social impacts" of a potential merger.

27/11/2024

Business

UniCredit makes surprise offer for Italian rival Banco BPM

The €10bn offer, which would merge two of Italy’s largest lenders, comes while UniCredit is building up its stake in Germany’s Commerzbank.

25/11/2024

Business

Lagarde supports bank mergers as UniCredit-Commerzbank talks intensify

The ECB has indicated its support for UniCredit’s potential full takeover of Commerzbank, as cross-border banking mergers align with the single market’s unity strategy, enhancing the competitiveness of the European banking system on a global scale.

01/10/2024

Business

Commerzbank in larger payout pledge ahead of UniCredit talks

The German lender is lifting profit targets and shareholder rewards as Italy's UniCredit contemplates a merger.

26/09/2024

Business

Takeover target Commerzbank gets new CEO as UniCredit circles

Bettina Orlopp is to replace Manfred Knof 'in the near future'. The news comes days after Italian bank UniCredit revealed it had increased its stake in Commerzbank from around 9% to 21%, subject to regulatory approval.

25/09/2024

Business

UniCredit raises stake in Germany's Commerzbank to 21%

If the deal wins approval, it will make the Italian bank Commerzbank's largest shareholder - to the dismay of the German government.

23/09/2024

Business

UniCredit seeks ECB approval for larger stake in Commerzbank

UniCredit seeks the European Central Bank's approval to own up to 30% of a stake in Commerzbank, potentially triggering a full buyout deal of Germany's second-largest lender by assets.

18/09/2024

Markets

Commerzbank shares surge after UniCredit's latest stake acquisition

The Italian banking group announces it has successfully acquired a 9% stake in Germany's second-largest bank, Commerzbank. The deal marks the first step of the German government towards reducing its holdings in the bank.

12/09/2024

Business

Commerzbank notes highest numbers in more than a decade

Although the current higher interest rate environment is favourable for Commerzbank, things could change if the European Central Bank decides to cut rates this summer.

15/05/2024

Markets

Commerzbank profits more than tripled in Q3

German lender Commerzbank saw its net profit after tax triple compared to last year thanks to its strategic roadmap.

08/11/2023