Latest news and articles about unicredit from NEX English
Commerzbank has announced plans to reduce 3,000 jobs as part of its strategy to counter UniCredit's acquisition offer. The German bank also aims to significantly increase its profit targets.
Italian banking group UniCredit has announced plans to divest part of its operations in Russia, selling assets to an Emirati investor. This move is part of its strategy to adapt to changing economic conditions.
Andrea Orcel, CEO of Unicredit, revealed details of his attempt to acquire Commerzbank, where the Italian bank holds nearly 30% of its shares. This move follows over 18 months of negotiations that have been rejected by Commerzbank's leadership.