{
}
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'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.
Commerzbank is seeking additional advice to counter a takeover attempt by Unicredit, with UBS and Goldman Sachs stepping in to provide support. Proposals on defensive strategies are expected to be ready by October, as reported by "Börsen-Zeitung" in Frankfurt.
Digital asset bank Sygnum has secured regulatory approval to operate in Liechtenstein, positioning itself for expansion into the EU as the Markets in Crypto-Assets Regulation (MiCA) takes effect. Originally established in Switzerland in 2019, Sygnum is now licensed as a crypto asset service provider, offering brokerage, custody, and B2B banking services. With a network of over 20 partner banks and recent funding of $40 million, Sygnum aims to leverage its experience in the competitive European market.
Commerzbank AG
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
DAX reaches new all-time high as market momentum continues
Commerzbank AG
Deutsche Bank Aktiengesellschaft
Daimler 16 eGbR
Siemens Energy AG
Deutsche Telekom AG
Volkswagen AG
Bayer AG
Allianz SE
SAP SE
DEU
Show more
08:48 15.10.2024
uniCredit seeks merger with Commerzbank to reshape European banking landscape
United States Dollar
Euro
Commerzbank AG
ABN AMRO Bank N.V.
Royal Bank of Scotland
UniCredit S.p.A.
DEU
ITA
Olaf Scholz
Andrea Orcel
Show more
02:03 28.09.2024
ubs and goldman sachs to advise commerzbank against unicredit takeover attempt
The Goldman Sachs Group, Inc.
UniCredit S.p.A.
Commerzbank AG
UBS SA
Sergio Ermotti
Andrea Orcel
Goldman Sachs
Show more
09:00 25.09.2024
Sygnum gains Liechtenstein license to expand digital banking in EU
Euro
Swiss Franc
United States Dollar
Lbbw AM-3
Commerzbank AG
Sygnum AG
DZ Bank-Stiftung
PostFinance AG
LUX
SGP
LIE
HKG
CHE
ARE
DEU
Martin Burgherr
Fritz Jost
Show more
09:00 23.09.2024
Trending
Subcategory
Startups & Entrepreneurship
Industry Trends
Corporate News
Private Equity Deals
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
CEO Changes
Government Economic Policies
Corporate Social Responsibility
Industry Mergers & Acquisitions
Workplace Trends
Energy Sector Developments
Venture Capital Investments
Fintech Startups
Finance Mergers & Acquisitions
AI Innovations
Market Analysis and Predictions
Intellectual Property Laws
Central Bank Actions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Amazon.com, Inc.
Tesla, Inc.
Salesforce, Inc.
Garuda Aerospace Ltd.
Huawei Technologies CO. Ltd.
Bharti Airtel Ltd.
XPeng Inc.
Microsoft Corporation
Venturewave Capital NO.1 Ltd.
Semler Scientific, Inc.
TENCENT
Wipro Ltd
OpenAI ERC USD
Orange S.A.
IDBI Bank Limited
Standard Chartered Bank
LENOVO GROUP
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Saudi Riyal
Japanese Yen
Malaysian Ringgit
British Pound Sterling
Mexican Peso
Brazilian Real
New Taiwan Dollar
Bahraini Dinar
Qatari Riyal
Pakistani Rupee
Kuwaiti Dinar
Vietnamese Đồng
South Korean Won
Algerian Dinar
People:
Donald Trump
Mark Zuckerberg
Bisrat Degefa
He Xiaopeng
Abdel Fattah El-Sisi
Anmol Singh Jaggi
Puneet Singh Jaggi
Sari Sabban
David Watkins
Simon Moon
Anas Algahtani
Matt Jones
Ayman Hamdan
Elon Musk
Allen Law
Xi Jinping
Anwar Hussain
Sultan Ibrahim ibni Sultan Iskandar
Prashant Joshi
Albinder Dhindsa