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Top related persons:
Stefan Wittmann - 2 Krisztian Bocsi - 1 Bettina Orlopp - 1 Orlopp - 1 Commerzbank - 1 Manfred Knof - 1 Germany's - 1 Jens Weidmann - 1
Top related locs:
Frankfurt Commerzbank Germany Hesse Italian Berlin
Top related orgs:
Getty - 2 AG - 1 Bloomberg - 1 CNBC - 1

Search resuls for: "Stefan Wittmann"


3 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
☆ Commerzbank board member warns of significant job losses with a hostile UniCredit takeover
  + stars: | 2024-09-24 | by ( April Roach | ) www.cnbc.com   time to read: +2 min
: The lettering "Commerzbank" can be seen on the Commerzbank Tower in the center of the banking city. Photo: Helmut Fricke/dpa (Photo by Helmut Fricke/picture alliance via Getty Images)Two-thirds of the jobs at Commerzbank could disappear if UniCredit successfully carries out a hostile takeover of the German lender, a Commerzbank supervisory board member warned on Tuesday. Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC's Annette Weisbach that "we certainly hope we can avoid" a hostile takeover by the Italian bank. "But if it [a hostile takeover] is unavoidable, we think that two-thirds of jobs will disappear, that there will be another significant cut in the branches," he said, according to a translation. "We will see in particular that UniCredit does not want all Commerzbank customers at all, but that it focuses on the supposedly best customers, namely the wealthy customers," he added.
Persons: Helmut Fricke, UniCredit, Stefan Wittmann, Verdi, CNBC's Annette Weisbach, Witmann, Wittmann Organizations: Getty Locations: Hesse, Frankfurt, Italian, Berlin, Commerzbank
☆ Santander lagging behind on inflation payment for German bank staff
  + stars: | 2023-01-20 | by ( ) www.reuters.com   time to read: +2 min
FRANKFURT, Jan 20 (Reuters) - Spain's Santander (SAN.MC) is the only major bank operating in Germany that has not announced a special payment to local staff to help them with soaring inflation, union officials told Reuters, although the bank said talks were ongoing. Last year, German union Verdi called on banks to give some of their lowest-earning workers a special payment to help them combat higher energy prices. "Santander is the big exception among public and private banks," said Stefan Wittmann, a Verdi official negotiating on behalf of Santander employees. On Friday, Santander and union officials agreed to take up the issue at a meeting next week, but Santander hasn't made a binding offer, Wittmann said. Santander said it was in talks with Verdi on amending its collective wage agreement, and the inflation demands came up in talks late last year.
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