Germany mulls law to protect banks from foreign takeovers, Italian newspaper says By Reuters – Forex Trader Hub
MILAN (Reuters) – Germany is considering introducing a law to protect domestic banks from cross-border takeovers, Italian newspaper La Repubblica reported on Sunday, as Italy’s UniCredit seeks a merger with Germany’s Commerzbank (ETR:). Berlin was taken aback by UniCredit’s swoop to build a large stake in state-backed Commerzbank, a move the Italian bank says could…