Commerzbank

Commerzbank earnings Q4 2024 newsthirst.

newsthirst4 months ago4 months ago07 mins

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 spate of new strategic targets. The job cuts will be accompanied by increases in staffing in “selected areas” such as in international locations, resulting in a broadly constant global headcount of…

Germany’s finance minister slams UniCredit’s ‘very aggressive’ bid for Commerzbank newsthirst.

newsthirst4 months ago4 months ago05 mins

Italian lender UniCredit‘s “very aggressive, very opaque” bid for Commerzbank has been criticized by Germany’s Finance Minister Jörg Kukies, who stressed that hostile takeovers don’t usually work. “In the government, we need to protect the safety and stability of a systemic banking sector,” Kukies told CNBC Thursday at the World Economic Forum in Davos. “Hostile takeovers…

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