German Finance Minister criticizes UniCredit's bid for Commerzbank, citing low success rates for such takeovers.

Germany's Finance Minister criticizes UniCredit's aggressive bid for Commerzbank, arguing hostile takeovers in major banks rarely succeed. UniCredit, which already holds a significant stake in Commerzbank, seeks to increase its ownership to nearly 30%. However, this move faces opposition from the German government and Commerzbank itself, which warns of potential job cuts if a merger occurs.

2 months ago
11 Articles