Commerzbank Cuts Jobs, Raises Targets to Fend Off Takeover Bid

Commerzbank announced plans to cut 3,000 jobs and raise its profit targets as part of a strategy to strengthen its defenses against a potential takeover bid from UniCredit. The German bank aims to assert its independence through these measures.

8 May, 07:30 — 8 May, 07:30

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FTVery High1h ago

Commerzbank raises targets to boost defences against UniCredit takeover

Italian bank has built a roughly 30% stake in Germany’s second-largest listed lender

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Coverage Timeline

First report: faz · 8 May, 05:48|Full coverage: 5 · 2h|Window: 2h

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faz8 May, 05:48First to report

Kampf gegen Übernahme: Commerzbank schraubt Gewinnziele hoch

1h later

tagesschau8 May, 07:02

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Commerzbank Cuts Jobs, Raises Targets to Fend Off Takeover Bid

Sources

Commerzbank raises targets to boost defences against UniCredit takeover

Coverage Timeline

Kampf gegen Übernahme: Commerzbank schraubt Gewinnziele hoch

Abwehrkampf gegen UniCredit: Commerzbank streicht weitere 3.000 Stellen

Commerzbank raises targets to boost defences against UniCredit takeover

Commerzbank plantea recortar 3.000 empleos en plena batalla con Unicredit

Im Kampf um ihre Unabhängigkeit baut die deutsche Commerzbank weitere 3000 Stellen ab

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