CRZBY

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Commerzbank AG engages in the provision of commercial banking services. It operates through the following business segments: Private and Small-Businesses Customers, Corporate Clients, and Others and Consolidation. The Private and Small-Businesses Customers segment focuses on the universal bank services for private and small-business customers, online securities transactions, and asset management. The Corporate Clients segment includes credit products and financing solutions for mid-size corporate clients, international corporations, and financial institutions. The Others and Consolidation segment contains the income and expenses which are not attributable to the business segments. The company was founded on February 26, 1870 and is headquartered in Frankfurt, Germany.

UniCredit SpA

Commerzbank on Thursday named Carsten Schmitt as its new chief financial officer, a crucial role at Germany's No. 2 lender as it seeks to fend off an approach by Italy's UniCredit for a tie-up.

Commerzbank names new CFO amid UniCredit approach

The CEOs of Germany's Commerzbank and UniCredit had an extensive talk for the second time since Italy's No. 2 bank disclosed in September that it had snapped up a significant stake, the Handelsblatt newspaper reported on Friday, citing several people familiar with the matter.

Commerzbank, UniCredit CEOs had second round of extensive talks, says Handelsblatt

Commerzbank is weighing the acquisition of a mid-sized German bank as part of its strategy to fend off a possible takeover by Italy's UniCredit , three people with knowledge of the matter told Reuters.

Exclusive: Commerzbank considers buying domestic rival in UniCredit defence plan, sources say

Commerzbank AG (CRZBF) Q3 2024 Earnings Call Transcript

UniCredit and Commerzbank flaunted their financial strength as the fate of one of Europe's largest banking mergers still hangs in balance. Both banks raised their outlooks guidance on Wednesday, as they reported third-quarter results.

UniCredit and Commerzbank square off with target hikes amid takeover battle

UniCredit CEO Andrea Orcel said on Wednesday banks need to be more efficient and profitable and expressed confidence that "people will look at the facts" when weighing up a potential deal with Commerzbank.

UniCredit CEO pushes merger credentials as it outperforms Commerzbank

Commerzbank raised its full-year outlook after net profit came in ahead of analysts' expectations.

Commerzbank Raises Guidance After Net Profit Beats Market Views

Germany's Commerzbank , fending off a possible takeover by Italy's UniCredit, said on Wednesday that net profit fell 6.2% in the third quarter, figures that were better than analysts expected but were dragged down by a decline in interest income and a rise in risk provisions.

Commerzbank Q3 net profit down 6% but better than expected

Germany's Commerzbank said on Monday that it had received regulatory approval to buy back up to 600 million euros ($655 million) in shares.

Commerzbank to buy back up to 600 million euros in shares

Commerzbank's management and supervisory board is responsible for deciding the lender's next steps after Italian rival Unicredit became its largest private shareholder, German Finance Minister Christian Lindner said on Wednesday.

Commerzbank's future is up to its board and management, German minister says

Commerzbank's Polish unit is expected to post a third quarter net profit of 476 million zlotys ($118.7 million) due to lower costs of legal risk related to foreign currency loans and higher net interest income, a Reuters poll showed on Wednesday.

REUTERS POLL Commerzbank's mBank seen returning to profit in Q3

Fondazione Cariverona, a major Italian shareholder in UniCredit , confirmed its support for the bank's management in regards to Commerzbank , its chairman said on Monday.

UniCredit Italian shareholder Cariverona confirms support for Commerzbank move

German state-backed lender Commerzbank must be fully privatised, but the government is in no hurry, German Finance Minister Christian Lindner told Reuters in an interview on Friday.

Commerzbank must be fully privatised, but gov't is not on a hurry, Lindner says

Commerzbank CEO Bettina Orlopp said on Friday that the lender was focusing on its standalone strategy, reiterating her stance as Italy's UniCredit expresses interest in a possible tie-up.

Commerzbank CEO focused on standalone strategy amid UniCredit interest

Jefferies Financial Group Inc

Jefferies has a 5.3% stake in Commerzbank though derivatives, a regulatory filing on Friday showed.

Jefferies holds 5.3% stake in Commerzbank through derivatives

UniCredit has further hedged potential downside risks on its stake in rival Commerzbank by signing financial derivative contracts with Jefferies to keep its options open, a person close to the matter said.

UniCredit buys protection on Commerzbank stake from Jefferies, source says

The European Central Bank should evaluate any deal between Italian lender UniCredit and Germany's Commerzbank purely based on the solidity of the resulting bank rather than national interests, ECB policymaker and Governor of the Bank of Italy Fabio Panetta said on Wednesday.

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

Commerzbank is considering its own acquisitions, for example in the area of asset management, its CEO Bettina Orlopp told German business news outlet WirtschaftsWoche in an interview published on Friday.

Commerzbank considering its own acquisitions, CEO tells paper

German trade union Verdi would oppose a cross-border merger for Commerzbank even if the bidder was not an Italian bank like UniCredit , an official said on Saturday.

Verdi union against Commerzbank cross-border merger regardless of bidder nationality

Germany is working to frustrate a possible takeover of one of its biggest banks by an Italian rival, a stance that pits Berlin against Rome and Europe's regulators, several people familiar with government and regulators' thinking told Reuters.

Exclusive: Germany working to thwart UniCredit's bid for Commerzbank, sources say

Commerzbank is expanding its business for ultra-high net worth individuals and family offices as it sees growing demand in this sphere, the German lender said on Tuesday.

Commerzbank expands unit for ultra-high net worth clients

Commerzbank and UniCredit did not discuss a merger at a recent meeting, the German lender's CEO Bettina Orlopp told a local newspaper, saying any tie-up with its Italian peer would result in the loss of customers.

Commerzbank would lose clients in UniCredit merger, German lender's CEO says

Cost cuts at Commerzbank if UniCredit were to buy its German rival would mostly affect its head office not its branch network, UniCredit CEO Andrea Orcel was quoted as saying on Friday.

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

Intesa Sanpaolo Chief Executive Carlo Messina said on Thursday Unicredit can create value through a merger with Commerzbank , as the Italian rival bank already runs a large banking business in Germany.

Intesa CEO says rival Unicredit can create value through a merger with Commerzbank

Moody's would consider hiking UniCredit's credit rating one notch above Italy's sovereign rating if it bought Commerzbank, depending on a number of factors including an ability to contain execution and operational risks, the ratings agency said.

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