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Commerzbank's supervisory board chairman, Jens Weidmann, expressed skepticism about a friendly merger with UniCredit after the Italian bank acquired a significant stake in Commerzbank without prior discussions. He emphasized the need for trustful dialogue in banking mergers and warned of potential negative impacts on Germany's financial landscape.Meanwhile, former Swiss finance minister Ueli Maurer cautioned that UBS, following its acquisition of Credit Suisse, may now be "too big" for Switzerland, highlighting the risks of nationalization and the need for stricter capital requirements to mitigate potential financial strain.
Mark Astbury
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commerzbank merger prospects dim as uniCredit stakes raise concerns
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12:24 13.01.2025
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