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UniCredit raises profit, distribution outlook after solid quarter

UniCredit raised its profit outlook and plans to distribute half of its net income to investors, following a strong third-quarter net profit of 2.51 billion euros.

investing.com • 06/11/2024 - 06:22 AM

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Commerzbank, fending off UniCredit advances, reports better than expected Q3 profit

Commerzbank's Q3 profit fell 6.2% but exceeded expectations, prompting an upward revision of its full-year income forecasts amid potential takeover talks with UniCredit.

investing.com • 06/11/2024 - 06:21 AM

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Europe's banking union is crucial for merger push, says German banks group head

Heiner Herkenhoff emphasizes the need for progress in the European banking union and capital markets union to enable cross-border mergers and support economic recovery.

investing.com • 28/10/2024 - 14:33 PM

Euro zone governments should not interfere with bank consolidation, bank execs say

Two bank executives urge EU governments to avoid interfering in banking consolidation, emphasizing the need for closer financial integration to compete globally.

investing.com • 25/10/2024 - 18:23 PM

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UniCredit-Commerzbank deal should be judged on financial strength - Bank of Italy

ECB's Panetta emphasizes merger evaluations between UniCredit and Commerzbank should focus on the banks' strength, not national interests, amid political opposition.

investing.com • 23/10/2024 - 19:47 PM

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Germany denies report it is mulling law to protect banks from foreign takeovers

Germany's finance ministry denies plans for a law to protect domestic banks amid UniCredit's interest in merging with Commerzbank.

investing.com • 20/10/2024 - 13:30 PM

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UniCredit in court limbo over ECB's Russia demands, sources say

UniCredit awaits a court decision regarding a reduction of its Russian operations to comply with ECB demands, facing increasing pressure and potential legal challenges.

investing.com • 16/10/2024 - 18:11 PM

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Analysis-EU backing for China EV tariffs shows Berlin's waning influence

Germany's division hampers EU policy, as tariffs on Chinese EVs are approved despite Chancellor Scholz's opposition, reflecting diminished German leadership in EU trade matters.

investing.com • 07/10/2024 - 15:13 PM

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Cost cuts in any Commerzbank merger would affect headquarters not branches, Unicredit CEO tells Economist

UniCredit CEO Andrea Orcel discusses cost cuts amid potential merger with Commerzbank, emphasizing limited branch impact and commitment to maintaining headquarters in Italy.

investing.com • 04/10/2024 - 15:13 PM

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Commerzbank deal could lift UniCredit's junior debt ratings, Moody's says

UniCredit's acquisition of Commerzbank may prompt a Moody's rating upgrade, reducing funding costs and enhancing the bank's international presence, despite potential short-term profitability impacts.

investing.com • 02/10/2024 - 11:16 AM

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