Commerzbank CEO warns against UniCredit merger due to potential client losses and credit rating drop.

Commerzbank CEO Bettina Orlopp warned that merging with UniCredit could lead to client losses and a drop in credit ratings due to client overlap. Despite UniCredit's 9% stake and interest in a merger, discussions have not occurred, and the proposal faces resistance from German Chancellor Olaf Scholz and Commerzbank's management and employees. Orlopp expressed skepticism about the benefits of large bank mergers.

6 months ago
6 Articles