UniCredit steps up pursuit of Commerzbank with new plan
Andrea Orcel says German lender risks becoming ‘increasingly unfit’ for rapidly changing banking market
Andrea Orcel says German lender risks becoming ‘increasingly unfit’ for rapidly changing banking market

Italian leader pressing ahead with €35bn bid for Germany’s Commerzbank

German bank hits back after Italian lender accused it of failing to engage

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

Andrea Orcel fears loss of equity worth €3.8bn and plays down chance of finding a buyer

BaFin has prohibited Italian lender from describing German bank as ‘neglected’, ‘unsafe’ or ‘short-term-oriented’

Central bank’s outgoing vice-president Luis de Guindos says Berlin’s intervention goes ‘against spirit of single market’