Italian UniCredit Bank is closely following the negotiations between Commerzbank and Deutsche Bank and may, in the event of a deal disruption, make its proposal to purchase a controlling stake in Commerzbank. This was reported to Financial Times by informed sources. Both German banks restructured their work, but did not improve their performance. According to estimates of the German authorities, their merger will lead to the creation of a large national bank that will become a worthy competitor for the leading credit institutions in Europe. However, the transaction may face a number of obstacles, including the refusal of shareholders to allocate additional capital after their merger. UniCredit intends to offer the purchase of the Commerzbank package, market capitalization of which is 9 billion euros, and then merge it with HypoVereinsbank.
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 ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
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 ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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 ...