Showing 1 to 12 of 18 results
Commerzbank Raises 2025 Profit Target Amidst Unicredit Takeover Bid
Commerzbank's Q2 2024 profit reached €462 million, exceeding analyst expectations despite restructuring costs and a takeover defense against Unicredit, prompting a €2.5 billion 2025 profit target increase. The bank is cutting 3,900 jobs while simultaneously creating others and repurchasing shares.
Commerzbank Raises 2025 Profit Target Amidst Unicredit Takeover Bid
Commerzbank's Q2 2024 profit reached €462 million, exceeding analyst expectations despite restructuring costs and a takeover defense against Unicredit, prompting a €2.5 billion 2025 profit target increase. The bank is cutting 3,900 jobs while simultaneously creating others and repurchasing shares.
Progress
44% Bias Score
Commerzbank Shareholders Reject Unicredit Takeover Bid
At Commerzbank's annual general meeting, CEO Bettina Orlopp addressed shareholder concerns regarding a potential Unicredit takeover, emphasizing the bank's positive outlook and new strategy, while employees protested fearing job losses; a social plan has been agreed to mitigate these.
Commerzbank Shareholders Reject Unicredit Takeover Bid
At Commerzbank's annual general meeting, CEO Bettina Orlopp addressed shareholder concerns regarding a potential Unicredit takeover, emphasizing the bank's positive outlook and new strategy, while employees protested fearing job losses; a social plan has been agreed to mitigate these.
Progress
44% Bias Score
Unicredit's Commerzbank Bid Faces Resistance Amid Job Cuts
Unicredit holds nearly 28% of Commerzbank shares, aiming for a takeover despite opposition from the German government and Commerzbank itself, which is cutting 3,900 jobs while maintaining overall workforce numbers. A decision is delayed until next year.
Unicredit's Commerzbank Bid Faces Resistance Amid Job Cuts
Unicredit holds nearly 28% of Commerzbank shares, aiming for a takeover despite opposition from the German government and Commerzbank itself, which is cutting 3,900 jobs while maintaining overall workforce numbers. A decision is delayed until next year.
Progress
52% Bias Score
Unicredit's Delayed Commerzbank Takeover Bid
Unicredit holds about 28% of Commerzbank shares, aiming for a takeover despite resistance from Commerzbank's management, labor unions, and the German government, delaying a final decision until next year due to regulatory hurdles and negotiations.
Unicredit's Delayed Commerzbank Takeover Bid
Unicredit holds about 28% of Commerzbank shares, aiming for a takeover despite resistance from Commerzbank's management, labor unions, and the German government, delaying a final decision until next year due to regulatory hurdles and negotiations.
Progress
44% Bias Score
Frankfurter Volksbank surpasses Berliner Volksbank after merger
The Frankfurter Volksbank finalized its merger with Raiffeisen-Volksbank Aschaffenburg in 2024, becoming Germany's largest Volksbank with €19 billion in assets and 800,000 customers, despite a slightly lower annual profit due to higher taxes and increased regulatory scrutiny.
Frankfurter Volksbank surpasses Berliner Volksbank after merger
The Frankfurter Volksbank finalized its merger with Raiffeisen-Volksbank Aschaffenburg in 2024, becoming Germany's largest Volksbank with €19 billion in assets and 800,000 customers, despite a slightly lower annual profit due to higher taxes and increased regulatory scrutiny.
Progress
44% Bias Score
Hessian Cabinet Meets in Frankfurt to Boost Financial Sector
The Hessian state government's new Financial Center Cabinet met at Commerzbank headquarters in Frankfurt on Wednesday to address challenges faced by German banks, including bureaucratic burdens and potential takeovers, aiming to strengthen Frankfurt's position as Europe's leading financial center.
Hessian Cabinet Meets in Frankfurt to Boost Financial Sector
The Hessian state government's new Financial Center Cabinet met at Commerzbank headquarters in Frankfurt on Wednesday to address challenges faced by German banks, including bureaucratic burdens and potential takeovers, aiming to strengthen Frankfurt's position as Europe's leading financial center.
Progress
56% Bias Score
Targobank Tagesgeld: 2.0% introductory rate, then 0.60%
Targobank offers new customers a 2.0% annual interest rate on Tagesgeld accounts up to €1,000,000 for the first four months, dropping to 0.60% afterward; interest is paid annually, unlike many competitors.
Targobank Tagesgeld: 2.0% introductory rate, then 0.60%
Targobank offers new customers a 2.0% annual interest rate on Tagesgeld accounts up to €1,000,000 for the first four months, dropping to 0.60% afterward; interest is paid annually, unlike many competitors.
Progress
48% Bias Score
Unicredit's Bid for Commerzbank Doubles Share Price, Sparks Political Debate
Unicredit, holding a 9.5% stake and access to an additional 18.5% via derivatives, seeks to acquire Commerzbank, causing its stock price to nearly double to €23.34, despite Commerzbank's rejection. The ECB approved, while the German cartel office investigates, and political figures express concern.
Unicredit's Bid for Commerzbank Doubles Share Price, Sparks Political Debate
Unicredit, holding a 9.5% stake and access to an additional 18.5% via derivatives, seeks to acquire Commerzbank, causing its stock price to nearly double to €23.34, despite Commerzbank's rejection. The ECB approved, while the German cartel office investigates, and political figures express concern.
Progress
40% Bias Score
Unicredit Advances in Commerzbank Takeover Bid
Unicredit's near-30% stake increase in Commerzbank, approved by the ECB, faces review by the German Federal Cartel Office; this follows Unicredit's strategic investment after the German government's partial divestment, resulting in potential merger discussions and internal resistance from Commerzban...
Unicredit Advances in Commerzbank Takeover Bid
Unicredit's near-30% stake increase in Commerzbank, approved by the ECB, faces review by the German Federal Cartel Office; this follows Unicredit's strategic investment after the German government's partial divestment, resulting in potential merger discussions and internal resistance from Commerzban...
Progress
44% Bias Score
German Bank OLB Considers IPO Amidst Strong Growth
Oldenburgische Landesbank (OLB), backed by Apollo, TRS, and Grovepoint, is considering an IPO in spring or autumn 2024 following a successful 2022 with €270 million profit and expansion to 80 branches nationwide after acquiring Degussa Bank.
German Bank OLB Considers IPO Amidst Strong Growth
Oldenburgische Landesbank (OLB), backed by Apollo, TRS, and Grovepoint, is considering an IPO in spring or autumn 2024 following a successful 2022 with €270 million profit and expansion to 80 branches nationwide after acquiring Degussa Bank.
Progress
40% Bias Score
Commerzbank Raises Targets, Announces Job Cuts to Deter Unicredit Takeover
Commerzbank raised profit and efficiency targets, announced 3900 job cuts, and plans to distribute all annual profits until 2028 to increase shareholder value and potentially thwart a Unicredit takeover; its share price increased by over 1% on Thursday.
Commerzbank Raises Targets, Announces Job Cuts to Deter Unicredit Takeover
Commerzbank raised profit and efficiency targets, announced 3900 job cuts, and plans to distribute all annual profits until 2028 to increase shareholder value and potentially thwart a Unicredit takeover; its share price increased by over 1% on Thursday.
Progress
40% Bias Score
Unicredit Delays Commerzbank Bid, Awaiting New German Government
Unicredit CEO Andrea Orcel is delaying a Commerzbank takeover bid until after Germany's next government is formed, aiming to secure their support and denying anticipated job cuts, while emphasizing a focus on reskilling and investment, citing Unicredit's positive experience in Italy.
Unicredit Delays Commerzbank Bid, Awaiting New German Government
Unicredit CEO Andrea Orcel is delaying a Commerzbank takeover bid until after Germany's next government is formed, aiming to secure their support and denying anticipated job cuts, while emphasizing a focus on reskilling and investment, citing Unicredit's positive experience in Italy.
Progress
44% Bias Score
Showing 1 to 12 of 18 results