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Top related persons:
Commerzbank - 3 Bettina Orlopp - 2 Orlopp - 2 Manfred Knof - 2 Germany's - 2 UniCredit - 2 Krisztian Bocsi - 1 Jens Weidmann - 1
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Germany Frankfurt Commerzbank Milan Berlin Spanish Bengaluru New
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Commerzbank - 3 AG - 2 Bloomberg - 2 Getty - 2 CNBC - 2 Thomson - 2 UniCredit - 1 BBVA - 1

Search resuls for: "Commerzbank AG"


7 mentions found


☆ Commerzbank and UniCredit set to meet as takeover prospect looms
  + stars: | 2024-09-27 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +2 min
A Commerzbank AG bank branch, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Krisztian Bocsi | Bloomberg | Getty ImagesCommerzbank and UniCredit are set to begin talks Friday, with the German bank on the defensive over a potential takeover after its Italian counterpart unexpectedly increased its stake earlier this month. Speaking at a financial conference, Orlopp said the German bank was open minded, but that the speed of synergies and risks needed to be considered. The potential for a takeover or merger has been met with opposition from Germany's government and several senior figures at Commerzbank. Orlopp herself earlier this month told journalists that the process had taken Commerzbank by surprise, but urged a calm approach.
Persons: Krisztian Bocsi, Bettina Orlopp, Orlopp, Commerzbank, Manfred Knof, Germany's, Jens Weidmann, Stefan Wittmann Organizations: AG, Bloomberg, Getty, Reuters, CNBC Locations: Frankfurt, Germany, Commerzbank
☆ Caught cold by UniCredit’s swoop on Commerzbank, Germany will want to avoid a national embarrassment
  + stars: | 2024-09-25 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com   time to read: +4 min
A protestor holds a placard with a slogan reading "Stop Merger Horror" during a union demonstration outside the Commerzbank AG headquarters in Frankfurt, Germany, on Tuesday, Sept. 24, 2024. It follows UniCredit's move to take a 9% stake in Commerzbank earlier this month. watch nowScholz on Monday criticized UniCredit's decision to up the ante on Commerzbank, describing the move as an "unfriendly" and "hostile" attack, Reuters reported. Commerzbank's Deputy Chair Uwe Tschaege, meanwhile, reportedly voiced opposition to a potential takeover by UniCredit on Tuesday. The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024.
Persons: it's, UniCredit, Octavio Marenzi, Opimas, CNBC's, Olaf Scholz, He's, Marenzi, Scholz, UniCredit's, Uwe Tschaege, Tschaege, Andrea Orcel, Stefan Wittman, Germany's Scholz, Craig Coben, Coben, Emanuele Cremaschi Organizations: Commerzbank, Bloomberg, Getty, CNBC, Reuters, UniCredit, BBVA, Banco Sabadell, Bank of America, AG Locations: Frankfurt, Germany, Berlin, Milan, Commerzbank, Spanish
☆ Bettina Orlopp: The woman tasked with leading Commerzbank amid UniCredit takeover battle
  + stars: | 2024-09-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +1 min
Bettina Orlopp, chief financial officer of Commerzbank AG, speaks during a fourth quarter earnings news conference at the bank's headquarters in Frankfurt, Germany, on Thursday, Feb. 13, 2020. Commerzbank announced Tuesday it has picked 10-year veteran, and current Chief Financial Officer Bettina Orlopp to helm the bank as chief executive as it seeks to fend off a potential hostile takeover from Italian bank UniCredit. The bank has been on the defensive as UniCredit looks to become its largest shareholder, signaling the potential for a full takeover. Earlier this month, the Milan-based bank started building its shareholding with a 9% stake in Commerzbank. Senior officials at Commerzbank and the German government, which was the company's largest shareholder until UniCredit stepped in, have both said they oppose a hostile takeover.
Persons: Bettina Orlopp, Commerzbank, UniCredit, Orlopp, Manfred Knof Organizations: Commerzbank AG Locations: Frankfurt, Germany, Milan, Commerzbank
☆ Commerzbank receives crypto custody licence in Germany
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: 1 min
Nov 15 (Reuters) - Commerzbank AG (CBKG.DE) on Wednesday said it has received a crypto custody licence in Germany, allowing it to build up a broad range of digital asset services, with particular emphasis on crypto assets. Reporting by Nilutpal Timsina in Bengaluru; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Persons: Nilutpal, Jason Neely Organizations: Commerzbank, Thomson Locations: Germany, Bengaluru
☆ US judge tosses most of Commerzbank $1 bln mortgage lawsuit against BNY Mellon
  + stars: | 2023-08-28 | by ( Jonathan Stempel | Us Appeals Judge Faults Probe Of Federal Circuit'S Pauline Newman | Andrew Goudsward | ) www.reuters.com   time to read: +2 min
[1/2] A BNY Mellon sign is seen on their headquarters in New York's financial district, January 19, 2011. A lawyer for BNY Mellon also declined to comment. They have long said their contracts shielded them from liability for RMBS losses, and that particularly sophisticated investors should have known the risks. In its December 2015 complaint, Commerzbank accused BNY Mellon of sitting "idly" as losses piled up, rather than force lenders to buy back and servicers to address troubled loans. The case is Commerzbank AG v. The Bank of New York Mellon et al, U.S. District Court, Southern District of New York, No.
Persons: Brendan McDermid, Germany's, George Daniels, Commerzbank's, Dave Wollmuth, BNY Mellon, Commerzbank, Daniels, The Bank of New York Mellon, Jonathan Stempel, Grant McCool Organizations: REUTERS, Bank of New York Mellon, District, BNY Mellon, Countrywide, NovaStar, BNY, New York, CDO, Commerzbank, The Bank of New York, Court, Southern District of, Thomson Locations: New, U.S, Manhattan, Barrington, Southern District, Southern District of New York, New York
☆ In comeback, Commerzbank to join Germany's DAX blue-chip index
  + stars: | 2023-02-17 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A company logo is pictured at the headquarters of Germany's Commerzbank AG in Frankfurt, Germany, February 13, 2020. REUTERS/Ralph Orlowski/File PhotoFRANKFURT, Feb 17 (Reuters) - Germany's Commerzbank (CBKG.DE) will rejoin the DAX index on Feb. 27, Deutsche Boerse (DB1Gn.DE) announced late on Friday, marking a comeback for Germany's No. "This shows that we are on the right track with our restructuring - and spurs us on to continue with the same energy," Commerzbank AG said on Twitter in response to the announcement. Following Wirecard's demise, Deutsche Boerse AG, which compiles the DAX index, revamped it to include 40 companies, rather than the previous 30, and made membership criteria tougher. Other members include Siemens AG, Volkswagen AG, and Allianz SE.
☆ China property stocks surged amid warnings of weak reality, high expectations
  + stars: | 2022-11-21 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
China's housing prices fell in October due primarily to falling prices in less developed, so-called Tier-3 cities, according to Goldman Sachs analysis of official data. Future Publishing | Future Publishing | Getty ImagesBEIJING — China's real estate sector isn't yet poised for a quick recovery, despite a rally this month in stocks of major property developers. Last week, property developer stocks surged after news the central bank and banking regulator issued measures that encouraged banks to help the real estate industry. A drawn-out recoveryAnalysts differ on when China's property market can recover. "I think the real estate sector will become lesser of a drag to the economy in 2023," Tommy Wu, senior China economist at Commerzbank AG, said Wednesday.
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