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Commerzbank Deal Wouldn't Lead to Customer Loss, UniCredit Says.
- 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]
- Subjects :
- CHIEF executive officers
INVESTORS
CONSUMERS
MONEYLENDERS
ARGUMENT
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 180694740