Showing 25 to 34 of 34 results
Commerzbank Considers Thousands of Job Cuts in Upcoming Strategy Update
Commerzbank plans to announce a new cost-cutting strategy on February 13th, potentially including several thousand job cuts, to improve its cost-income ratio and increase profitability amid declining interest rates; the bank's current workforce is reportedly not involved in the planning.
Commerzbank Considers Thousands of Job Cuts in Upcoming Strategy Update
Commerzbank plans to announce a new cost-cutting strategy on February 13th, potentially including several thousand job cuts, to improve its cost-income ratio and increase profitability amid declining interest rates; the bank's current workforce is reportedly not involved in the planning.
Progress
52% Bias Score
UniCredit Bids €10.1 Billion for Banco BPM, Facing Political Headwinds
UniCredit launched a €10.1 billion takeover bid for Banco BPM, aiming to create Italy's largest bank and Europe's third-largest, but faces regulatory hurdles and political opposition, particularly concerning its implications for Monte dei Paschi di Siena.
UniCredit Bids €10.1 Billion for Banco BPM, Facing Political Headwinds
UniCredit launched a €10.1 billion takeover bid for Banco BPM, aiming to create Italy's largest bank and Europe's third-largest, but faces regulatory hurdles and political opposition, particularly concerning its implications for Monte dei Paschi di Siena.
Progress
56% Bias Score
Commerzbank Rejects Unicredit Takeover Bid
Commerzbank rejected Unicredit's takeover bid despite Unicredit's 28% stake and application to increase it to 29.9%, citing a desire for independence; labor unions oppose the takeover fearing job losses.
Commerzbank Rejects Unicredit Takeover Bid
Commerzbank rejected Unicredit's takeover bid despite Unicredit's 28% stake and application to increase it to 29.9%, citing a desire for independence; labor unions oppose the takeover fearing job losses.
Progress
52% Bias Score
ECB Uncertainty, Italian Bank Gains, and Bitcoin Surge
ECB vice president Luis de Guindos highlighted uncertainty about future interest rates due to geopolitical risks and potential protectionism, while Italian banks saw positive trading, with Bper leading at 1.9% gains amidst ongoing merger speculation. Bitcoin briefly topped \$106,000.
ECB Uncertainty, Italian Bank Gains, and Bitcoin Surge
ECB vice president Luis de Guindos highlighted uncertainty about future interest rates due to geopolitical risks and potential protectionism, while Italian banks saw positive trading, with Bper leading at 1.9% gains amidst ongoing merger speculation. Bitcoin briefly topped \$106,000.
Progress
32% Bias Score
Crédit Agricole Boosts Banco BPM Stake, Shares Surge
Crédit Agricole is increasing its stake in Banco BPM from 9.9% to 15.1%, causing Banco BPM shares to rise over 2%—the highest since January 2016—following a rejected takeover bid from UniCredit last month and amid Banco BPM's own expansion efforts, including a bid for Anima Holding and potential mer...
Crédit Agricole Boosts Banco BPM Stake, Shares Surge
Crédit Agricole is increasing its stake in Banco BPM from 9.9% to 15.1%, causing Banco BPM shares to rise over 2%—the highest since January 2016—following a rejected takeover bid from UniCredit last month and amid Banco BPM's own expansion efforts, including a bid for Anima Holding and potential mer...
Progress
44% Bias Score
S\&P: Manageable Impact Expected from Potential BBVA-Sabadell Merger
S\&P Global Ratings deems the potential BBVA-Sabadell merger manageable for BBVA's capital and non-harmful to competition, while viewing Sabadell as independently viable; they predict further domestic consolidation in Spain's banking sector, with 2024 as the peak for profitability and increasing ris...
S\&P: Manageable Impact Expected from Potential BBVA-Sabadell Merger
S\&P Global Ratings deems the potential BBVA-Sabadell merger manageable for BBVA's capital and non-harmful to competition, while viewing Sabadell as independently viable; they predict further domestic consolidation in Spain's banking sector, with 2024 as the peak for profitability and increasing ris...
Progress
40% Bias Score
Unicredit Expands Commerzbank Stake, Increasing Takeover Probability
Unicredit has increased its stake in Commerzbank to 28 percent, raising the likelihood of a takeover bid despite the German government's opposition; this move follows Unicredit's September acquisition of shares after the German government's partial divestment.
Unicredit Expands Commerzbank Stake, Increasing Takeover Probability
Unicredit has increased its stake in Commerzbank to 28 percent, raising the likelihood of a takeover bid despite the German government's opposition; this move follows Unicredit's September acquisition of shares after the German government's partial divestment.
Progress
64% Bias Score
Germany Retains Influence in Commerzbank Amidst Potential Unicredit Takeover
Due to a 2008 bailout, Germany retains the right to appoint two non-executive directors to Commerzbank's supervisory board as long as it owns over 10% of the shares; following a partial share sale to Unicredit, Germany now holds 12% and is considering the implications of a potential full takeover by...
Germany Retains Influence in Commerzbank Amidst Potential Unicredit Takeover
Due to a 2008 bailout, Germany retains the right to appoint two non-executive directors to Commerzbank's supervisory board as long as it owns over 10% of the shares; following a partial share sale to Unicredit, Germany now holds 12% and is considering the implications of a potential full takeover by...
Progress
52% Bias Score
Santander Invests €9 Billion in Alternative Assets
Banco Santander has invested €9 billion in alternative assets, driven by low interest rates; its strategy involves partnerships and internal restructuring, with key figures like Javier García Carranza and Carlos Manzano leading this expansion across various sectors including SMEs, venture capital, a...
Santander Invests €9 Billion in Alternative Assets
Banco Santander has invested €9 billion in alternative assets, driven by low interest rates; its strategy involves partnerships and internal restructuring, with key figures like Javier García Carranza and Carlos Manzano leading this expansion across various sectors including SMEs, venture capital, a...
Progress
48% Bias Score
UniCredit Faces Choice Between Two Takeover Bids Amidst Political and Financial Hurdles
UniCredit's CEO Andrea Orcel is pursuing two takeover bids: a stalled bid for Commerzbank (Germany) due to political resistance, and a 10 billion euro offer for Banco BPM (Italy), which was deemed unsatisfactory due to its terms. Analysts say UniCredit can sweeten the Banco BPM bid, but must conside...
UniCredit Faces Choice Between Two Takeover Bids Amidst Political and Financial Hurdles
UniCredit's CEO Andrea Orcel is pursuing two takeover bids: a stalled bid for Commerzbank (Germany) due to political resistance, and a 10 billion euro offer for Banco BPM (Italy), which was deemed unsatisfactory due to its terms. Analysts say UniCredit can sweeten the Banco BPM bid, but must conside...
Progress
48% Bias Score
Showing 25 to 34 of 34 results