Tag #Banking

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cnbc.com

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Nov 6, 13:25

UniCredit-Commerzbank Merger Hangs in Balance

UniCredit and Commerzbank report Q3 earnings, amidst ongoing discussions of a potential merger. The German government's stance and Commerzbank's defensive strategy complicate the situation.

UniCredit-Commerzbank Merger Hangs in Balance

UniCredit and Commerzbank report Q3 earnings, amidst ongoing discussions of a potential merger. The German government's stance and Commerzbank's defensive strategy complicate the situation.

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What were the key financial results reported by UniCredit and Commerzbank in their Q3 earnings?

UniCredit reported an 8% year-on-year increase in net profit to \u20ac2.5 billion in Q3, exceeding forecasts and raising its full-year guidance. Commerzbank saw a 6.2% drop in net profit to \u20ac642 million, although it maintained its full-year forecast.

dailymail.co.uk

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Nov 5, 13:08

HSBC warns of gold impersonation scam

HSBC warns of a gold impersonation scam targeting older and vulnerable customers, involving fake police investigations and significant financial losses.

HSBC warns of gold impersonation scam

HSBC warns of a gold impersonation scam targeting older and vulnerable customers, involving fake police investigations and significant financial losses.

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How do the scammers operate in this scam?

In this scam, fraudsters impersonate banks, police, or other trusted organizations, convincing victims to buy gold and hand it over for 'safekeeping' as part of a fake investigation.

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