Business UniCredit lifts outlook as it beats expectations with record profit Italy’s second biggest lender posted its highest net profit ever for the first three months of 2025, the period that the bank called the ‘best quarter in history’ in its earnings report. 12/05/2025
Business Commerzbank reports profit surge as it fends off UniCredit bid The German lender reported its ‘best quarterly result since the first quarter of 2011’ as it attempts to fend off Unicredit’s takeover efforts. 09/05/2025
Business France’s Crédit Agricole gains ECB nod to raise stake in Banco BPM The green light comes as Italian bank UniCredit prepares to launch a buyout offer for Banco BPM, which could be complicated by CA’s stake. 02/04/2025
Business Record year for UniCredit bank sees top banker's pay rise by a third The increase in salary for UniCredit SpA's chief executive officer, Andrea Orcel, further enhances his status as one of Europe's best paid bankers. 26/02/2025
Business UniCredit threatens to drop Banco BPM bid if Anima offer cost rises UniCredit offered to buy the second largest Italian bank Banco BPM for €10bn in late November last year. The acquisition was a counter offer by UniCredit after BPM's bid to buy Anima for €1bn - to boost its asset management fee income amid falling interest rates. 18/02/2025
Business Commerzbank to cut jobs and boost profits in bid to fend off UniCredit The German bank is seeking to bolster its financial strength as Italy’s UniCredit vies for a takeover. 13/02/2025
Business Italy’s UniCredit beats profit estimate as it continues takeover drive The bank reported higher-than-expected profit but forecasts a modest revenue slowdown in the year ahead as net interest income falls. 11/02/2025
Business UniCredit dives in to take minority stake of Italian insurance group UniCredit has been involved recently in a flurry of dealmaking activity, including a bid for Banco BPM and a raised stake in Commerzbank. 03/02/2025
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 Banco BPM says surprise Unicredit bid undervalues potential The bid from the larger Italian lender "does not reflect in any way the profitability and further potential to create value for Banco BPM shareholders", it said in a statement. 26/11/2024
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 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 Mixed results for Europe's banks and their first half-year earnings Deutsche Bank's profits were seen as moderate in the first half of 2024 but other major banks including BNP Paribas and Santander posted better-than-expected results. 24/07/2024