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)

Il cancelliere scrive al consiglio di fabbrica della banca: «Prendiamo molto sul serio i timori da voi espressi. Il ministro delle Finanze monitora»

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.

UniCredit CEO Andrea Orcel discusses the bank's interests in Banco BPM and Commerzbank and wider banking consolidation in Europe from the Goldman Sachs European Financials…