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.

Germany's economy has contracted for two consecutive quarters, sparking recession fears amid political uncertainty ahead of a snap election. Factors such as high energy costs, trade tensions, and uncertain economic prospects have contributed to its stagnation,

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.

"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 ...

Deutsche Bank has structurally turned the tide on its profitbility outlook after multiple failed restructuring attempts. In its latest and successful effort, the bank has shed its global equities sales and trading business,

Germany’s largest lender Deutsche Bank on Thursday reported weaker-than-expected profit that fell sharply on the quarter in the last three months of 2024. Net profit attributable to shareholders hit 106 million euros ($110.

German stocks are up in positive territory Thursday morning, lifting the market to fresh record highs ahead of the European Central

Deutsche Bank delivered bad news on spending, and investors weren't happy. Deutsche Bank on Thursday said it's now targeting a cost-to-income ratio of below 65% this year, versus a previous target of below 62.5%, after a cost-to-income ratio of 76% in 2024.

Investing.com -- ABB (ST: ABB) on Thursday posted strong order growth in the fourth quarter of 2024, driven by surging demand from the data center and utilities sectors, the company reported in its latest earnings release.