Commerzbank headquarters in the financial district of Frankfurt, Germany, on Sept. 12, 2024. UniCredit announced on Monday it had increased its stake in German lender Commerzbank to around 21% and submitted a request to boost the holding to up to 29.9%. The Italian bank acquired the additional Commerzbank shares through financial instruments, it said in a Monday statement. Earlier this month UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired fr ...

The Commerzbank building (second from right) in Frankfurt am Main, western Germany, on Sept. 25, 2023. Kirill Kudryavtsev | Afp | Getty Images UniCredit's move to take a stake in German lender Commerzbank is raising questions on whether a long awaited cross-border merger could spur more acquisitions and shake up the European banking sector. Last week, UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from the government. Berlin has been a majo ...

UniCredit's CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in Commerzbank — and a takeover bid for the German rival could still be in the cards. UniCredit faces a number of hurdles before increasing its stake after filing a request to "potentially exceed 9.9% of Commerzbank if and when necessary." Commerzbank shares soared on Wednesday when news of UniCredit's position was announced, and compounded gains on Thursday following speculation of an imminent takeover. "All the ...

Commerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 4.5% stake in the Frankfurt-based lender from the German government. Commerzbank stock was up 17.5% at 9:37 a.m. London time. The stake acquisition marks the first step in Berlin's exit from its position in the German lender. The German government said it had sold around 53.1 million shares — or a roughly 4.49% tranche out of its 16.49% total shareholding — in Commerzbank for roughly 702 million euros ($775 millio ...

GOLD PECICE HIGHS 0,0,00 · ●· ECORD OUCE I $2,500 PLD 98 OLD GOL reil 55 O 00 75 a Bir 20 03-30 C (8 GOLD PECICE HIGHS 0,3,00 OUCE 0 2日 $2,500 24 GOL 240 GDLO red 03.00 2 Or Start 00.00 9 浏览 a Fall Sto 83-340 9 y SP Neils Christensen Share Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked e ...

Commerzbank AG (OTCPK:CRZBF) Q2 2024 Results Conference Call August 7, 2024 3:00 AM ET Company Participants | --- | |------------------------------------------------------------------------------| | | | | | Manfred Knof - CEO | | Bettina Orlopp - CFO | | Conference Call Participants | | Benjamin Goy - Deutsche Bank | | Johannes Thormann - HSBC | | Kian Abouhossein - JPMorgan | | Chris Hallam - Goldman Sachs International Tobias Lukesch - Kepler Cheuvreux | | Vishal Shah - Morgan Stanley | | Stefan Stalmann ...

Commerzbank (OTCPK:CRZBF) has reported an improved operating performance over the past couple of years, but this trend seems to be over as the European Central Bank has recently started to cut rates in Europe. As I've analyzed in previous articles, Commerzbank trades at one of the lowest valuation multiples within the European banking sector, measured by its discounted price-to-book value (P/BV) multiple, but this seems to be justified by the bank's lower structural profitability compared to peers. Despite ...

(Kitco News) - Western investors appear to be finally having a positive impact on the gold market, or at the least, they are not getting in the way of higher prices, according to one market analyst. In his latest comments on the gold market, Carsten Fritsch, precious metals analyst at Commerzbank, said that current market conditions, while supportive for gold, do not fully explain the precious metal's rally to a new record high above $2,450 an ounce. Although gold prices have fallen from their all-time high ...

Commerzbank AG (OTCPK:CRZBF) Q1 2024 Results Conference Call May 15, 2024 3:00 AM ET Company Participants Manfred Knof - Chairman of the Board of MD & CEO Bettina Orlopp - CFO, Head of Tax, IR, Treasury & Deputy Chairwoman of the Board of MD Conference Call Participants Kian Abouhossein - JPMorgan Johannes Thormann - HSBC Benjamin Goy - Deutsche Bank Vishal Shah - Morgan Stanley Riccardo Rovere - Mediobanca Rohith Chandra-Rajan - Bank of America Mate Nemes - UBS Borja Ramirez - Citi Anke Reingen - RBC Stefa ...

A German financial regulator has reportedly fined Commerzbank $1.5 million for anti-money laundering violations.BaFin said Monday (April 11) that the bank failed to update customer data on time and did not provide sufficient security measures, Reuters reported.This, the report added, led to inadequate due diligence in three cases, which meant that the bank had violated its anti-money laundering (AML) obligations.“Commerzbank AG and the former comdirect Bank AG, of which Commerzbank AG is the universal succe ...