UniCredit's Orcel takes aim at Europe's banking borders
UniCredit's Orcel takes aim at Europe's banking borders with Commerzbank bet
By John O'Donnell FRANKFURT (Reuters) - For decades, Andrea Orcel was the 'rainmaker' who CEOs turned to for advice on the big deals that reshaped the banking landscape. Now, as UniCredit chief executive,
UniCredit’s Orcel labels Commerzbank buy-up merely ‘an investment’
The Italian CEO said a tie-up with Germany’s second-largest lender would be best, but only under the right terms. Meanwhile, if Commerzbank is looking for a lifeline, it won’t be from Deutsche Bank.
Andrea Orcel's Bold Move: UniCredit's Cross-Border Banking Gambit
Andrea Orcel, previously a sought-after advisor on major banking deals, is now steering UniCredit through a major challenge: navigating the political and financial hurdles of cross-border mergers in Europe.
Germany turns up heat on UniCredit as Orcel urges talks over Commerzbank
Germany cranked up its opposition on Wednesday to UniCredit's raid on Commerzbank at the same time as a big investor in the German lender called for talks, which are being sought by the Italian bank's CEO Andrea Orcel.
UniCredit strebt keinen Commerzbank-Aufsichtsratssitz an: Orcel
Die UniCredit strebt bei der Commerzbank keinen Sitz im Aufsichtsrat an. Dies ließ der Chef der Mailänder Bank, Andrea Orcel, auf einer Konferenz der Bank of America wissen.
Takeover target Commerzbank gets new CEO as UniCredit circles
Bettina Orlopp is to replace Manfred Knof 'in the near future'. The news comes days after Italian bank UniCredit revealed it had increased its stake in Commerzbank from around 9% to 21%, subject to regulatory approval.
Orcel Says UniCredit Won't Seek Commerzbank Board Seat
UniCredit CEO Andrea Orcel says he won't seek a supervisory board seat at Commerzbank. "We are an investor. Number one, I usually do not believe in investors having board seats," Orcel said at a conference on Wednesday,
Andrea Orcel, Commerzbank and the redemption trade
After advising on the disastrous break-up of ABN Amro, the banker appears to be positioning UniCredit for a takeover of its ...
UniCredit’s Blueprint at HVB Spells Deep Cuts for Commerzbank
Andrea Orcel suggested Commerzbank AG could be a lot more successful if it was remade to look more like UniCredit SpA’s ...
Commerzbank to Begin Talks With UniCredit as It Woos Investors With Profit Goals
FRANKFURT (Reuters) - Commerzbank's supervisory and management boards have confirmed the bank's current strategy, which is ...
Live news: UniCredit will not push for board seat at Commerzbank, Andrea Orcel says
UniCredit will not ask for a board seat at Commerzbank, according to its chief executive, despite the Italian lender potentially becoming the German bank’s largest shareholder with a 21 per cent stake ...
Commerzbank officials threaten bitter fight with UniCredit
Commerzbank supervisory board members on Tuesday voiced fierce opposition to any takeover of the German bank by Italy's ...
Barclays, BofA halfen Orcel bei Commerzbank-Beteiligung: Kreise
UniCredit-Chef Andrea Orcel griff dem Vernehmen nach auf die Dienste von Barclays und Bank of America zurück, um zunächst im ...
UniCredit Sees All Options Open for Commerzbank Stake But Won’t Seek Board Seat
Italy’s UniCredit won’t seek a seat on Commerzbank’s supervisory board despite a recent move to become the German bank’s ...