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Finance

Germany’s second-largest lender Commerzbank to cut 3,900 jobs as it unveils new targets

Germany's second-largest lender Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a...

Finance

Italy’s UniCredit guides 2025 revenue slowdown after fourth-quarter profit beat

Italy's second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, but guided a slight slowdown in 2025 revenues amid expected declines in net...

Finance

Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCredit

A "mild recession" is on the cards, according to Commerzbank CEO Manfred Knof.Picture Alliance | Picture Alliance | Getty ImagesCommerzbank on Friday unexpectedly released...

Finance

Deutsche Bank posts steeper-than-expected Q4 profit fall and scraps cost target

Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K. Mike Kemp | In Pictures | Getty ImagesGermany's largest lender...

Finance

Italy’s Mediobanca rejects Monte dei Paschi’s ‘destructive’ 13-billion-euro takeover bid

The logo of a Mediobanca Premier bank branch in Brescia, Italy, on Friday, Jan. 24, 2025.Bloomberg | Bloomberg | Getty ImagesShareholders of Italian lender...

Finance

Monte dei Paschi shares fall 6% after lender launches surprise 13-billion-euro bid for Mediobanca

Photographer | Collection | Getty ImagesItaly's bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro ($13.95 billion) all-share takeover offer...

Finance

UniCredit’s Orcel could still sweeten his bid and take on a double M&A offensive

Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty ImagesDivided between two takeover courtships,...

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