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Commerzbank CEO Bettina Orlopp confirmed that there have been no discussions with UniCredit since the European Central Bank approved the Italian lender's potential stake of up to 29.9%. Orlopp noted that their previous meeting was solely an investor-focused event following Commerzbank's capital markets day on February 13. She emphasized her commitment to Commerzbank's standalone strategy while remaining open to any compelling proposals for a combination.
Commerzbank's CEO Orlopp confirmed that there have been no discussions with UniCredit following the ECB's approval for UniCredit to acquire up to 29.9% of Commerzbank. While UniCredit may consider a full takeover next year, Orlopp emphasized her focus on Commerzbank's standalone strategy, noting that their previous meeting was solely for investors.
Deutsche Bank plans to significantly reduce its branch network and cut approximately 2,000 jobs, as announced by CEO Christian Sewing at a Morgan Stanley conference. This follows the closure of 125 branches last year and is part of the "Deutsche Bank 3.0" program aimed at enhancing profitability and efficiency within the organization. The restructuring efforts will streamline hierarchies and focus on improving overall earnings.
Deutsche Bank plans to cut nearly 2,000 jobs in its retail banking sector by 2025, alongside a significant reduction in branch numbers, as part of its strategy to meet ambitious financial targets. CEO Christian Sewing announced that further branch closures are expected following the closure of 125 branches last year. The bank has accounted for the restructuring costs associated with these job cuts.
Deutsche Bank plans to significantly reduce its branch network and cut approximately 2,000 jobs in its retail banking division by 2025, according to CEO Christian Sewing. This move is part of ongoing efforts to lower costs, with restructuring expenses already accounted for.
Deutsche Bank plans to cut nearly 2,000 jobs in its retail banking sector by 2025, alongside a significant reduction in branch numbers, as part of its strategy to meet ambitious financial targets. CEO Christian Sewing announced that the cuts will affect both Deutsche Bank and Postbank brands, following the closure of 125 branches last year. Further branch closures are anticipated, although specific numbers for 2025 have not been disclosed.
Deutsche Bank plans to significantly reduce its branch network and cut approximately 2,000 jobs in its retail banking division by 2025, according to CEO Christian Sewing. This move is part of the bank's ongoing strategy to lower costs, with restructuring expenses already accounted for.
German antitrust authorities have set an April 14 deadline for initial approval of UniCredit's application to acquire a substantial stake in Commerzbank. The process is reportedly taking longer than anticipated, according to UniCredit's CEO.
German antitrust authorities have set an April 14 deadline for a potential initial approval of UniCredit's application to acquire a significant stake in Commerzbank. The CEO of UniCredit noted that the authorization process is taking longer than anticipated.
German antitrust authorities have set an April 14 deadline for initial approval of UniCredit's application to acquire a significant stake in Commerzbank. The process is reportedly taking longer than anticipated, according to UniCredit's CEO.
Tom Sims
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commerzbank ceo confirms no talks with unicredit after ecb approval
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11:47 20.03.2025
commerzbank ceo confirms no talks with unicredit after ecb approval
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