#newsgerman
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From cashnews.co
German government to hold on to remaining Commerzbank stake #NewsGerman - Cash News
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CashNews.co The German government announced late on Friday that it will retain its 12 per cent stake in Commerzbank and not sell any more shares in the lender for the time being because the bank’s strategy is “geared towards independence”. The announcement by the finance agency, an arm of the...
5h ago
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From cashnews.co
Commerzbank shares fall 3% as German government retains stake #NewsGerman - Cash News
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CashNews.co FRANKFURT (Reuters) – Shares of Commerzbank traded 3.1% lower on Monday after the government said that it would retain its 12% stake in the German bank for now in a move that will likely keep any merger with Italy’s UniCredit on hold. Late on Friday, Germany’s Finance Agency said the...
11h ago
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From cashnews.co
German business activity sinks deeper into contraction, PMI shows #NewsGerman - Cash News
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CashNews.co By Maria Martinez BERLIN (Reuters) – German business activity contracted in September at its sharpest pace in seven months, according to a survey on Monday that suggested Europe’s largest economy had tipped into recession. The HCOB German flash composite Purchasing Managers’ Index,...
5h ago
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From cashnews.co
Commerzbank warns UniCredit merger is threat to German businesses #NewsGerman - Cash News
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CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Commerzbank’s management has warned the German government that a potential multibillion-euro merger with UniCredit is a threat to businesses that make up the...
9h ago
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From cashnews.co
Commerzbank, UniCredit shares fall as Germany plans to keep 12% stake #NewsGerman - Cash News
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CashNews.co By Tom Sims FRANKFURT (Reuters) -Shares of Commerzbank and UniCredit fell on Monday after the German government said that it would retain its 12% stake in the German bank for now in a move that will likely keep any merger with the Italian lender on hold. Late on Friday, Germany’s...
2h ago
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From cashnews.co
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CashNews.co (Reuters) -Commerzbank’s management has warned the German government that a potential multibillion euro merger with Italy’s second-largest bank UniCredit is a threat to businesses that make up the backbone of Europe’s biggest economy, the Financial Times reported on Monday. Earlier...
13h ago