The Italian bank’s push for an ambitious tie-up has led to a significant overhaul at Germany’s second-largest lender. — Reuters
FRANKFURT: A year in to UniCredit’s campaign to persuade Commerzbank to open merger talks, chief executive officer Andrea Orcel’s hopes of overcoming German opposition seem as distant as ever.
But the Italian bank’s push for an ambitious tie-up has led to a significant overhaul at Germany’s second-largest lender.
