UniCredit reports record quarterly profit as investment income jumps
Italian leader pressing ahead with €35bn bid for Germany’s Commerzbank
Italian leader pressing ahead with €35bn bid for Germany’s Commerzbank

Italian lender to return about €50bn to investors over next five years

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 says German lender risks becoming ‘increasingly unfit’ for rapidly changing banking market

Bank says move will hit profits by up to €3.3bn

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