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Commerzbank in larger payout pledge ahead of UniCredit talks

The German lender is lifting profit targets and shareholder rewards as Italy’s UniCredit contemplates a merger. Commerzbank is seeking to woo investors ahead of meetings with Italy’s UniCredit, announcing on Thursday an increase in profit targets and shareholder payouts. The…

Germany decries UniCredit bid for Commerzbank ‘unfriendly’

UniCredit surprised markets two weeks ago by revealing it had acquired a 9% stake in Commerzbank for about €700 million ($771.3 million), after outbidding other hopefuls for a part of the German government’s stake in the lender.  On Monday, Italy’s second-biggest lender caught financial experts…

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