From CNBC: 2024-09-24 05:58:26

Commerzbank faces potential job losses if UniCredit successfully executes a hostile takeover, with a supervisory board member warning that two-thirds of jobs could vanish. UniCredit aims to own up to 29.9% of Commerzbank, criticizing by German Chancellor Olaf Scholz. The move sparked concerns about industry implications and regulatory hurdles in Europe’s banking sector.

Read more: Commerzbank board member warns of job losses with hostile UniCredit