European stocks; live stock moves, PMI data, Fed cut reaction
Customers sit outside at a cafe terrace in Paris, France, on Nov. 10, 2021. Bloomberg | Bloomberg | Getty Images LONDON — European stocks were flat in early trade Monday …
Commerzbank AG
What buying Commerzbank would mean for UniCredit and German banks
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 …
UniCredit’s Andrea Orcel plays a bold hand, with Commerzbank in his sights
UniCredit CEO Andrea Orcel during an interview at the World Economic Forum (WEF) in Davos, Switzerland, on Jan. 18, 2024. Bloomberg | Bloomberg | Getty Images UniCredit‘s CEO Andrea Orcel …
UBS backs $37 million round for climate fintech startup Doconomy
From left to right: Johan Pihl, Doconomy’s chief creative officer and co-founder, and Mathias Wikstrom, chief executive officer and co-founder. Doconomy Swedish climate-focused financial technology startup Doconomy told CNBC on …
High rates help Germany’s Commerzbank post best results in 15 years
The Commerzbank building (second from right) in Frankfurt am Main, western Germany, on Sept. 25, 2023. Kirill Kudryavtsev | Afp | Getty Images Commerzbank on Thursday reported a 55% hike …
Deutsche Bank CEO says acquisitions not a ‘priority’ as Commerzbank rumors swirl
Christian Sewing, Chief Executive Officer of Deutsche Bank, has acknowledged that a recession in Germany is inevitable, and urged leaders to accelerate its decoupling from China. Denis Balibouse | Reuters …
A Germany central bank official warns lenders as insolvencies rise
The headquarters of German banks Deutsche Bank (L) and Commerzbank in Frankfurt, Germany. FRANK RUMPENHORST | DPA | Getty Images Germany’s major banks need to increase their provisions for non-performing …
Italian bank shares slide after government surprises with windfall tax
ROME – August 7, 2023: (L-R) Carlo Nordio, Minister of Justice, Adolfo Urso, Minister of Enterprise and Made in Italy, Matteo Salvini, Deputy Prime Minister and Minister of Transport, Francesco …
Commerzbank CFO says the European Central Bank has hit pause
The European Central Bank has likely pressed pause on its rate hiking cycle, the chief financial officer of Commerzbank told CNBC on Friday. The ECB raised interest rates in July, …