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Commerzbank Deal Wouldn't Lead to Customer Loss, UniCredit Says.

Authors :
Arons, Steven
Source :
Bloomberg.com; 11/6/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

UniCredit SpA stated that acquiring Commerzbank AG would not lead to a loss of customers, countering arguments against the potential deal. The Italian bank believes that its current operations in Germany complement those of Commerzbank and that a merger would present minimal concentration risks. UniCredit also suggested that the transaction could improve service levels. Commerzbank's CEO expressed doubts about the deal's benefits, particularly regarding potential client attrition. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
180694740