XM does not provide services to residents of the United States of America.

XM does not provide services to residents of the United States of America.
C
C

Commerzbank

News

Reuters - 21 hours ago

Cost cuts in any Commerzbank merger would affect headquarters not branches, Unicredit CEO tells Economist

Cost cuts in any Commerzbank merger would affect headquarters not branches, Unicredit CEO tells Economist MILAN, Oct 4 (Reuters) - Cost cuts at Commerzbank CBKG.DE if UniCredit were to buy its German rival would mostly affect its head office not its branch network, UniCredit CRDI.M CEO Andrea Orcel was quoted as saying on Friday. UniCredit has built a near 21% stake in Commerzbank , subject to supervisory approval, and said it sees a merger as the best outcome.
C
U
Reuters - 1 day ago

ECB's chief supervisor presses for cross-border mergers

UPDATE 1-ECB's chief supervisor presses for cross-border mergers Updates throughout with Buch plea for deposit insurance scheme, Bundesbank arguemnt for lower sovereign exposure FRANKFURT, Oct 4 (Reuters) - The European Central Bank's chief supervisor pressed her case for cross-border bank mergers on Friday as Italy's UniCredit CRDI.MI considered a bid for Germany's Commerzbank CBKG.DE after taking a large stake last month.
C
U
Reuters - 1 day ago

ECB's top supervisor presses case for cross-border mergers

ECB's top supervisor presses case for cross-border mergers FRANKFURT, Oct 4 (Reuters) - The European Central Bank's top supervisor continued to make her case for cross-border bank mergers on Friday as Italy's UniCredit CRDI.MI eyes a potential bid for Germany's Commerzbank CBKG.DE after taking a large stake. "Cross-border activities and mergers can provide opportunities to generate economies of scale and scope," Claudia Buch told a conference in Vilnius without naming any particular lender.
C
U
Reuters - 1 day ago

Italy - Factors to watch on October 4

Italy - Factors to watch on October 4 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY ISTAT releases Q2 deficit/GDP ratio data (0800 GMT) and August retail sales data (1000 GMT).
C
E
M
R
R
S
U
I
M
T
I
U
Reuters - 2 days ago

Mediobanca CEO says conditions not right for cross-border bank M&A in Europe

UPDATE 2-Mediobanca CEO says conditions not right for cross-border bank M&A in Europe Releads with Mediobanca CEO's comments MILAN, Oct 3 (Reuters) - Conditions are not favourable for cross-border banking tie-ups in Europe, the head of Italy's Mediobanca MDBI.MI said on Thursday, adding that a potential acquisition of Commerzbank by UniCredit would not qualify as a cross-border deal.
A
B
C
D
M
U
B
I
Reuters - 2 days ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Eni, Mediobanca, DSV, Stellantis Oct 3 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 2000 GMT on Thursday: ** Italy's Eni ENI.MI will decide about additional stake sales in its renewable and biofuel units, its CEO said on Thursday, keeping in mind that it wants to list them on the stock market and retain the majority of their capital.
C
E
L
M
R
U
Reuters - 2 days ago

Italy to sell further Monte Paschi stake this year, minister says

UPDATE 2-Italy to sell further Monte Paschi stake this year, minister says Adds remarks from separate Treasury official in paragraphs 7-8, details and background throughout ROME, Oct 3 (Reuters) - Italy plans to sell a further stake in bailed-out bank Monte dei Paschi di Siena BMPS.MI by the end of this year, Economy Minister Giancarlo Giorgetti said on Thursday.
C
U
U
B
B
I
M
Reuters - 2 days ago

Intesa CEO says rival Unicredit can create value through a merger with Commerzbank

Intesa CEO says rival Unicredit can create value through a merger with Commerzbank MILAN, Oct 3 (Reuters) - Intesa Sanpaolo Chief Executive Carlo Messina said on Thursday Unicredit CRDI.MI can create value through a merger with Commerzbank CBKG.DE , as the Italian rival bank already runs a large banking business in Germany. That's the only way to achieve synergies in a merger, Messina said during an event in Milan organised by Bloomberg.
C
U
I
Reuters - 2 days ago

Greece is unlikely victor in bank selldown race

BREAKINGVIEWS-Greece is unlikely victor in bank selldown race The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 3 (Reuters Breakingviews) - In 2010, it was hard to imagine the day when Greece's banking sector would be fully privatised and thriving. That was the year the government founded the Hellenic Financial Stability Fund (HFSF) to prop up ailing lenders.
C
E
M
P
U
A
A
P
Reuters - 3 days ago

ECB will do anything to remove hurdles to bank mergers, Buch says

UPDATE 1-ECB will do anything to remove hurdles to bank mergers, Buch says Adds detail, comments by Kazaks in paragraphs 2,3, 6-8 RIGA, Oct 2 (Reuters) - The European Central Bank will do "anything" to remove hurdles to cross-border bank mergers in the euro zone , supervisory chief Claudia Buch said on Wednesday, as Italy's UniCredit CRDI.MI eyed a bid for Germany's Commerzbank CBKG.DE .
C
U
Reuters - 3 days ago

Commerzbank deal could lift UniCredit's junior debt ratings, Moody's says

UPDATE 2-Commerzbank deal could lift UniCredit's junior debt ratings, Moody's says Moody's confirms UniCredit ratings with stable outlook Would consider hiking standalone rating in Commerzbank deal That would lead to higher rating on junior types of debt Long-term senior unsecured rating cannot rise Adds rating action on UniCredit's German unit in paragraphs 12-14; reference to operational risks in paragraph 10 MILAN, Oct 2 (Reuters) - UniCredit's CRDI.MI acquisition of Commerzbank CBKG.DE could
C
U
Reuters - 3 days ago

ECB's not in business of stopping cross border bank mergers, Buch says

ECB's not in business of stopping cross border bank mergers, Buch says RIGA, Oct 2 (Reuters) - It is not the European Central Bank's job to stop cross border bank mergers, supervisory chief Claudia Buch said on Wednesday, just as Germany's Commerzbank CBKG.DE was looking for ways to thwart a potential takeover approach by Italy's UniCredit CRDI.MI . "Whatever we can do within supervision is not to stand in the way of more cross-border integration," Buch told a conference in Riga.
C
U
Reuters - 3 days ago

Big banks add October cut to ECB forecasts

FACTBOX-Big banks add October cut to ECB forecasts Adds changes to UBS Global Wealth Management, Societe Generale and UBS Global Research LONDON, Oct 2 (Reuters) - Major brokerages, including Goldman Sachs and JPMorgan, now expect the European Central Bank to deliver a quarter-point cut at its Oct. 17 meeting, on the back of recent data showing economic weakness and slowing inflation.
B
C
D
G
J
S
Reuters - 3 days ago

UniCredit's junior debt rating might top Italy's if it buys Commerzbank, Moody's says

REFILE-UniCredit's junior debt rating might top Italy's if it buys Commerzbank, Moody's says Refiles story to specify the affected credit rating would be those on junior debt in headline and paragraphs 1 and 4 Moody's confirms UniCredit ratings with stable outlook Would consider upgrade to Baa2 if it bought Commerzbank That could move UniCredit's junior debt rating above Italy's MILAN, Oct 2 (Reuters) - Moody's would consider hiking UniCredit's junior credit rating one notch above Italy's sovere
C
U
Reuters - 3 days ago

Big banks add October cut to ECB forecasts

FACTBOX-Big banks add October cut to ECB forecasts Adds change to Citi forecast LONDON, Oct 2 (Reuters) - Major brokerages, including Goldman Sachs and JPMorgan, now expect the European Central Bank to deliver a quarter-point cut at its Oct. 17 meeting, on the back of recent data showing economic weakness and slowing inflation. Market pricing now reflects around a 90% chance of such a rate cut, which would follow reductions at the ECB's June and September meetings, as the data pushes policy make
B
C
G
H
J
Reuters - 3 days ago

Moody’s To Consider UniCredit Stand Alone Rating Upgrade In Case It Buys Commerzbank

BRIEF-Moody’s To Consider UniCredit Stand Alone Rating Upgrade In Case It Buys Commerzbank Oct 2 (Reuters) - UniCredit SpA CRDI.MI : MOODY’S AFFIRMS RATINGS, HIGHLIGHTING POTENTIAL FOR UPGRADE OF BANK’S STAND ALONE RATING ABOVE ITALIAN SOVEREIGN MOODY’S SAYS WILL CONSIDER POTENTIAL FOR UNICREDIT’S STAND-ALONE RATING UPGRADE TO BAA2 IN EVE
C
U
Reuters - 3 days ago

Italy - Factors to watch on October 2

Italy - Factors to watch on October 2 The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY ISTAT releases unemployment rate data (0800 GMT). POLITICS On Tuesday evening, Italy's Cabinet held a special meeting dedicated to the Middle East crisis.
B
C
C
E
M
U
P
I
U
Reuters - 3 days ago

Financial Times - Oct 2

PRESS DIGEST-Financial Times - Oct 2 Oct 2 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Starmer looks for post-Brexit 'reset' in meeting with EU leaders Barclays details plans to revamp investment banking returns EU policymakers lash out at Berlin's Commerzbank 'hypocrisy' Charles Schwab Chief Walt Bettinger to retire at end of year Eli Lilly considers testing weight-loss drugs on peo
B
C
U
Reuters - 4 days ago

UniCredit's 'federal model' boosts its foreign subsidiaries, CEO says

UPDATE 1-UniCredit's 'federal model' boosts its foreign subsidiaries, CEO says UniCredit CEO calls for 'stronger, bigger banks' in Europe CEO says Italy must lead the way in pushing for integration UniCredit has 'federal' model where local units have powers Adds CEO comments from paragraph 3 on UniCredit's federal model, ability of subsidiaries to act locally By Valentina Za MILAN, Oct 1 (Reuters) - UniCredit CRDI.MI has built a "federal model" as a pan-European bank with subsidiaries in each of
C
U
Reuters - 4 days ago

UniCredit working for more integrated European financial services, CEO says

UniCredit working for more integrated European financial services, CEO says MILAN, Oct 1 (Reuters) - UniCredit is working for closer financial integration in Europe, a mandatory step if the bloc's economy wants to address its yawning output gap with the United States, CEO Andrea Orcel said on Tuesday. In a video message, Orcel told a conference on Italian exports that bigger and stronger European banks are necessary to support the economy, and individual countries cannot thrive alone.
C
U

Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.