Germany's Commerzbank has demanded a formal written proposal amid a potential takeover by Italian bank UniCredit. "We have always signalled our willingness to talk and would examine a proposal from UniCredit in the interests of all stakeholders,

The behavior of the potential acquirer was very aggressive, very opaque, untransparent,” Germany’s Jörg Kukies told CNBC of UniCredit’s bid for Commerzbank.

Germany's economy has contracted for two consecutive quarters, sparking recession fears amid political uncertainty ahead of a snap election. Factors such as high energy costs, trade tensions, and uncertain economic prospects have contributed to its stagnation,

German lender under pressure to cut costs and boost returns after unwanted approach from UniCredit. Read more at straitstimes.com.

Commerzbank AG is looking at job cuts and moving roles outside Germany as part of a strategy update that the lender is set to present on Feb. 13, the Financial Times reported, citing people familiar with the matter.

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.

"The behavior of the potential acquirer was very aggressive, very opaque, untransparent," Germany's Jörg Kukies told CNBC of UniCredit's bid for Commerzbank. The move by UniCredit, which is ...

Legal provisions weighed on the bottom line at Germany's largest lender Deutsche Bank, with net profit falling in the fourth quarter.

German stocks are up in positive territory Thursday morning, lifting the market to fresh record highs ahead of the European Central

The fates of government-backed mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMCC) are still to be determined, with new Treasury Secretary Scott Bessent saying no conservatorship should be indefinite but also not providing any privatization plan during his confirmation hearing.

LONDON/MADRID (Reuters) - European banks are expected to report a sharp rise in profits for the final three months of last year, helped by still-robust margins from lending and bumper investment banking revenues.

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