Commerzbank reported on a decision taken jointly with Deutsche Bank to terminate negotiations on merging the operations of two German financial institutions, as their specialists, after careful analysis, concluded that “the merger does not meet the interests of shareholders of any bank, as well as other interested parties.” The CEO of Commerzbank, Martin Zielke, stated that there was no certainty that the new bank, formed as a result of the merger, would be able to generate higher and stable profits for shareholders. Commerzbank can now consider proposals from other European banks to merge with it. And the management of Deutsche Bank will have to develop a new reorganization plan, which will contribute to the growth of shareholders' profits and incomes.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...