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deutsche bank considers domestic mergers as strategic option for future growth
Deutsche Bank's CFO, James von Moltke, indicated that the bank is considering domestic mergers and acquisitions as a potential strategy, particularly in light of the competitive landscape following UniCredit's interest in rival Commerzbank. He emphasized that while these options are being evaluated, any action would not be immediate.
trader amasses 1.2 billion fortune with successful xtb brokerage launch
Jakub Zablocki transformed a modest seed capital of $75,000 into a $1.2 billion fortune by founding X-Trade Brokers Dom Maklerski SA. His experience at Commerzbank AG's Polish unit revealed a strong demand for round-the-clock trading, which he capitalized on despite Poland's strict financial regulations.
DAX experiences decline after reaching new all-time high last week
The DAX fell 1% to close at 19,461, losing much of the previous week's gains after reaching an all-time high. To regain upward momentum, it must surpass the September peak of 19,492 and the all-time high of 19,675, while support is found around 19,250. Further declines could see it test levels near 19,000 and potentially drop to 18,912.
ubs credit suisse acquisition return on investment faces regulatory challenges
UBS's acquisition of Credit Suisse, initially hailed as a major success, faces challenges from increased capital requirements imposed by Swiss regulators. While the deal could yield a 70% return on investment, adjustments for higher equity capital and potential future regulations may reduce this to around 16%. The ongoing valuation gap between UBS and its competitors highlights investor caution amid restructuring costs and integration risks.
concerns raised over potential unification of comdirect and unicredit banks
Bettina Orlopp, CEO of Commerzbank, expressed concerns over a potential takeover by Unicredit, citing integration challenges and risks to German SMEs due to overlapping corporate customer bases. She noted that such a merger could lead to a downgrade in Commerzbank's credit rating and increased refinancing costs. Despite these risks, the bank's shares remain a strong buy, with a target price above €20.
manager warns of risks in potential unicredit takeover of commerzbank
Bettina Orlopp, CEO of Commerzbank, expressed concerns over a potential takeover by Unicredit, citing integration challenges and risks to German SMEs due to overlapping corporate clients. She noted that such a merger could lead to a downgrade in Commerzbank's rating and increased refinancing costs. Despite these risks, the bank's shares remain a strong buy, with a target price above €20.
uniCredit's potential commerzbank takeover gains support amid german political tensions
Support for UniCredit's potential takeover of Commerzbank is growing, even in Germany, despite government resistance due to political concerns and upcoming elections. The deal, seen as a national consolidation rather than a cross-border merger, has backing from influential figures like Allianz and Jens Weidmann, indicating a shift in perception.
german government surprised by unicredit's swift acquisition of commerzbank stake
Unicredit's investment in Commerzbank sparked significant political reactions in Germany, with the government expressing surprise over the move. A letter from the Federal Ministry of Finance revealed numerous contacts between government officials and Unicredit representatives prior to the stake purchase, including discussions about the bank's existing shares. Despite the lively exchanges, Chancellor Olaf Scholz and Finance Minister Christian Lindner were not involved in these communications, raising questions about the government's decision to sell the entire stake to Unicredit rather than multiple investors.
DAX reaches new all-time high as market momentum continues
The DAX index reached a new all-time high of 19,518, closing at 19,508, continuing its upward trend. With no significant technical resistance ahead, potential gains towards 19,600 or even 20,000 are possible. However, a drop below the September high of 19,492 could signal a retreat towards lower support levels.
uniCredit seeks merger with Commerzbank to reshape European banking landscape
UniCredit's CEO Andrea Orcel is pursuing a cross-border merger with Commerzbank, aiming to create a major European banking entity. Despite securing a 21% stake, he faces significant political resistance from German leaders and employees, which could hinder the merger's progress. If successful, this move could reshape the European banking landscape and inspire further consolidation efforts.
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