Business and Finance Business and Finance
Wed, February 12, 2025
[ Wed, Feb 12th ] - manilatimes
Ascendis Pharma Reports Fourth Quarter and Full Year 2024 Financial Results
[ Wed, Feb 12th ] - MSN
New Income Tax Bill 2025 to propose no tweaking b .. very tax year; here's what it means for taxpayers
[ Wed, Feb 12th ] - MSN
Intel stock has gotten an unexpected boost from JD Vance
[ Wed, Feb 12th ] - Reuters
JPMorgan Chase begins planned layoffs for 2025, source says
[ Wed, Feb 12th ] - MSN
Valentine's Day chocolate prices are soaring. Here's why
[ Wed, Feb 12th ] - MSN
Linda McMahon invested in dozens of bonds funding public school projects across the US
[ Wed, Feb 12th ] - MSN
Korea's economy, Japan's youth and Ireland
[ Wed, Feb 12th ] - Reuters
Bank bosses expect US policy uncertainty to persist under Trump, but stay bullish on economy
[ Wed, Feb 12th ] - MSN
Gen Z Aussies warned over 'concerning' AI prediction: 'Knee-jerk reaction'
[ Wed, Feb 12th ] - Forbes
The Life Insurance Industry Is Misbranded
[ Wed, Feb 12th ] - AOL
Worried about a market bubble? Here are 4 tips to protect your portfolio now and in the future
[ Wed, Feb 12th ] - Reuters
India's central bank removes restrictions on Kotak Mahindra Bank onboarding customers online
[ Wed, Feb 12th ] - MSN
TPG Inc. (NASDAQ:TPG) Q4 2024 Earnings Call Transcript
[ Wed, Feb 12th ] - MSN
Will the EU's plan to reduce red tape for businesses negatively impact workers?
[ Wed, Feb 12th ] - MSN
Sunoco LP (NYSE:SUN) Q4 2024 Earnings Call Transcript
[ Wed, Feb 12th ] - Reuters
Republican senators call for $1,000 tax on new EV sales to pay for road repairs
[ Wed, Feb 12th ] - WTNH
What does having the Consumer Financial Protection Bureau on hold mean for consumers?
[ Wed, Feb 12th ] - Reuters
Dutch bank ABN Amro fourth-quarter profit drops less than expected
[ Wed, Feb 12th ] - MSN
Cincinnati Financial Corporation (NASDAQ:CINF) Q4 2024 Earnings Call Transcript
[ Wed, Feb 12th ] - Diginomica
From AI to ROI via EX - Freshworks priorities for .. ake shape as revenues rise, losses narrow in 2024
[ Wed, Feb 12th ] - MSN
Compass Minerals International, Inc. (NYSE:CMP) Q1 2025 Earnings Call Transcript
[ Wed, Feb 12th ] - Reuters
BofA doubles banking team in Switzerland amid shifting regulatory landscape
[ Wed, Feb 12th ] - MSN
The latest merger & acquisition and fundraising news in Welsh business
[ Wed, Feb 12th ] - Forbes
How Payment Tech Can Help 5 Year-End Financial Pain Points
[ Wed, Feb 12th ] - MyJoyOnline
UBA Ghana wins 3 awards from Global Business and Finance Magazine
[ Wed, Feb 12th ] - MSN
Super Micro stock surges after outlining ambitiou .. rgets, assuring investors it will avoid delisting
[ Wed, Feb 12th ] - TradeWinds
Wallenius Wilhelmsen boasts 'unique' backlog with room to run as trade-choking tariffs loom
[ Wed, Feb 12th ] - MSN
The market is looking very positively at DOGE and Elon Musk, says Wharton's Jeremy Siegel
[ Wed, Feb 12th ] - Reuters
Trump squeeze wins concessions - some real, others less so
[ Wed, Feb 12th ] - Reuters
Commerzbank plans job cuts, new targets to keep UniCredit away, sources say

Commerzbank plans job cuts, new targets to keep UniCredit away, sources say


Published on 2025-02-12 07:40:47 - Reuters
  Print publication without navigation

  • Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy's UniCredit , multiple people with direct knowledge of the plans told Reuters.

Commerzbank, Germany's fourth-largest lender, is planning to cut jobs and set new financial targets in an effort to fend off potential acquisition interest from Italy's UniCredit, according to sources cited by Reuters on February 12, 2025. The bank aims to reduce its workforce by approximately 3,000 positions, focusing on cost reduction and efficiency improvements. This move comes as part of a broader strategy to enhance profitability and shareholder value, amidst speculation that UniCredit might be considering a takeover. Commerzbank's management is expected to present these plans at an upcoming investor day, highlighting a shift towards digitalization and automation to streamline operations. The job cuts are part of a larger restructuring effort to make the bank less attractive for hostile takeovers and to reassure investors of its independent growth strategy.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/commerzbank-plans-job-cuts-new-targets-keep-unicredit-away-sources-say-2025-02-12/ ]
Contributing Sources