Germany, UniCredit and Commerzbank
Commerzbank shares were up three percent on Monday, making it the top performer on Germany's blue-chip DAX index. Commerzbank CEO Bettina Orlopp in December refused to rule out redundancies in an ...
German lender under pressure to cut costs and boost returns after unwanted approach from UniCredit. Read more at straitstimes.com.
Germany's sluggish economic growth is a key obstacle. The country is projected to grow at an average rate of just 0.5% annually in the coming years, far below the levels required to accommodate a substantial increase in defense expenditure without impacting other sectors.
By Maria Martinez BERLIN (Reuters) -German business morale unexpectedly improved in January thanks to a more positive assessment of the current economic situation, a survey showed on Monday, although analysts said many companies remain pessimistic with uncertainty rife ahead of elections.
Trump's announcement of imposing tariffs and travel bans on Colombia with countermeasures from Colombian President Petro points to the abiding risk of U.S. tariffs even beyond U.S.-China geopolitical relations, RBC Capital Markets said.
Germany is grappling with challenges in funding increased defense spending to meet NATOs target of 2% of GDP, with some analysts suggesting an even higher goal of 4%. Commerzbank (ETR:CBKG) highlights the countrys
The eurozone Composite Purchasing Managers' Index, released by Hamburg Commercial Bank and S&P Global on Friday, rose in January to 50.2 from 49.6 a month earlier, beating economists' forecasts. The reading over 50 indicates private-sector activity increased for the first time since August, but only very slightly.
Commerzbank on Wednesday defined UniCredit's approach for a potential tie-up as "hostile", and said there had been no discussion of it with the Italian bank in the past two years, despite UniCredit CEO Andrea Orcel saying there had.
There are too many banks in Europe for an efficient capital system,” one CEO told CNBC at the World Economic Forum in Davos, Switzerland.
Italy's UniCredit bank said on Tuesday it would not rush a possible takeover of German rival Commerzbank and was willing to walk away but would wait first for the German election's outcome.
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