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UNICREDIT TAKEOVER
UniCredit partners with Google Cloud to accelerate digitisation across 13 marketsUniCredit has signed a 10-year MoU with Google Cloud to expedite its digital transformation across 13 European markets. This significant in...
UniCredit gets ECB nod for Commerzbank stakeItalian bank UniCredit has received approval from the European Central Bank to acquire up to 29.9 percent of Commerzbank, signaling a poten...
Commerzbank to cut 3,900 jobs, mainly in Germany, as it fends off UniCreditCommerzbank announces it will cut 3,900 jobs in Germany by 2028 while hiring abroad. The bank aims for financial targets with a revised 202...
Commerzbank plans job cuts, new targets to keep UniCredit away, sources sayGermany's Commerzbank plans to cut several thousand jobs and set new financial targets to fend off a takeover by Italy's UniCredit. The CEO...
Banking stress under watch for credit crunch: Fed officialAuthorities around the world are on high alert for the fallout from recent turmoil at banks following the collapse in the United States of ...
Fate of world's oldest bank, Italy's BMPS, unclear as talks failThe fate of the world's oldest bank, Italy's Banca Monte dei Paschi di Siena (BMPS), was hanging in the balance on Monday after the collaps...
Deutsche Bank ends merger talks with CommerzbankFor Commerzbank, still 15%-owned by the federal government, a foreign takeover may be in the cards down the road.
- $55 bn bid for Colgate: Should Unilever buy?
Unilever, the world's second-largest consumer-goods company, should seek to acquire Colgate-Palmolive Co...
- Unicredit says to cut 9,000 jobs in western Europe
Unicredit, Italy's biggest bank by capitalisation, said on Thursday it planned to cut 9,000 jobs in western Europe and invest in central an...
- BNP weighing bid for crisis-hit Societe Generale
French bank BNP Paribas revealed on Thursday it was weighing a bid for stricken national rival Societe Generale, a move that would find pol...
- Rivals seen circling crisis hit SocGen
The French government rose to the defence of beleaguered Societe Generale even as speculation mounted on Monday that the bank could face a ...
- UniCredit to buy Capitalia for $30 bn
UniCredit agreed to buy Capitalia in a e21.8 billion ($29.5 bn) purchase to cement the position of Italy’s biggest bank in Europe’s most pr...
- Terra Firma raises Boots bid to $21.8b
Guy Hands’s Terra Firma Capital Partners raised its bid for Alliance Boots, the UK’s largest drugstore chain, to about $21.8 billion to tru...
- This MF boss wants more of less
Fidelity International’s Alexander Scurlock, who will quadruple the assets he manages to e21 billion ($28 billion) when he takes over Europ...
- Investment banker is now getting paid less for service
In the world of mergers and acquisitions, where strategic advice increasingly is just another commodity to go with corporate loans, Goldman...