The UniCredit CEO stressed that UniCredit is presently "far away" from a merger bid with Commerzbank and would first seek a "constructive solution" to opposition from the German government.
Italian lender is one of the few large western banks still remaining in the country
Italy's second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank's M&A overtures.
Italy's second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank's M&A overtures.
Italy's second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank's M&A overtures.
Italy's second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank's M&A overtures.
Italy's second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank's M&A overtures.
Italy's second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank's M&A overtures.
"The behavior of the potential acquirer was very aggressive, very opaque, untransparent," Germany's Jörg Kukies told CNBC of UniCredit's bid for Commerzbank.
Commerzbank on Friday unexpectedly released quarterly results, touting "record" annual profit and announcing a new share buyback scheme.