The UniCredit CEO stressed that UniCredit is presently "far away" from a merger bid with Commerzbank.

Chancellor Friedrich Merz has reiterated his opposition to Commerzbank being taken over by Italy's UniCredit in a letter to the German bank's workers. (ANSA)

UniCredit Andrea Orcel said Wednesday that Italy's second-biggest bank expects to get "a probable all-clear to go up to 30% of Commerzbank by the end of the month". (ANSA)

The UniCredit CEO stressed that UniCredit is presently "far away" from a merger bid with Commerzbank.