French Economy To Remain Close To Stagnation Despite GDP Rebound
French Economy To Remain Close To Stagnation Despite GDP Rebound
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Cost cuts in any Commerzbank merger would affect headquarters not branches, Unicredit CEO tells Economist By Reuters
MILAN (Reuters) – Cost cuts at Commerzbank (ETR:) if UniCredit were to buy its German rival would mostly affect its head office not its branch network, UniCredit CEO Andrea Orcel was quoted as saying on Friday. UniCredit has built a near 21% stake in Commerzbank, subject to supervisory approval, and said it sees a merger…
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