Italian bank UniCredit's move to increase its stake in German lender Commerzbank, which further fuelled speculation of a takeover bid, was "uncoordinated and unfriendly", the German government said Wednesday.

The European banking industry has been supposedly on the verge of a flood of mergers and takeovers for at least a decade — and I’ve spent most of those years writing about why it wasn’t going to happen.

Commerzbank has, like some other banks, had a rocky history with big mergers and acquisitions over the years. These are some of the key moments: The bank was founded in Hamburg and later moved to Berlin. It relocated to Frankfurt in 1970 as one of Germany's leading banks, focusing on retail and corporate customers.

Major Italian bank UniCredit is expanding its stake in German lender Commerzbank through financial instruments, with the total position now amounting to around 28%, the Italian bank announced on Wednesday.

UniCredit has since built its exposure to Germany's second-largest bank through derivatives as it awaits regulatory approval to take control of the shares. A large portion of UniCredit's shares ...

UniCredit has since built its exposure to Germany’s second-largest bank through derivatives as it awaits regulatory approval to take control of the shares. A large portion of UniCredit’s ...

Germany has rejected UniCredit's move to increase its stake in Commerzbank as an 'uncoordinated and unfriendly approach'. This strong rebuke comes amidst concerns about the Italian bank’s growing influence in Germany’s second-largest listed lender.

Germany has rejected UniCredit's latest Commerzbank stake increase as an "uncoordinated and unfriendly approach", strongly rebuking the Italian bank. UniCredit, which angered Berlin when it ...

The DAX index retreated for seven consecutive days as concerns about the hawkish Federal Reserve and Donald Trump tariff threats continued. The index, which tracks the biggest companies in Germany, fell to €19,

Harsh reaction of the German government to the last UniCredit’s move into Germany. The bank led by Andrea Orcel “has

Wall Street stocks tumbled and the dollar rallied Wednesday after the Federal Reserve lowered borrowing rates again but projected fewer 2025 interest rate cuts in light of lingering inflation concerns.