Tensions between Germany and UniCredit SpA burst into the open Monday as the government said it opposes a takeover of Commerzbank AG while the Italian lender moved to raise its stake.
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Germany’s chancellor decried “unfriendly attacks” on banks after UniCredit moved to raise its stake in the lender.
US and European shares nudged higher Monday as momentum from last week was restrained by weaker eurozone economic data.
The UniCredit-Commerzbank takeover saga not only highlights the clash between cross-border consolidation and national ...
German Chancellor Olaf Scholz warned Monday against "hostile" and "unfriendly" takeovers, after Italy's UniCredit revealed it had significantly raised its stake in German lender Commerzbank.
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Italian government officials are growing frustrated at Germany’s opposition to a potential takeover of Commerzbank AG by ...
European shares closed higher on Monday as a soft business activity reading strengthened the case for more monetary policy ...