Steven Arons

Raiffeisen Says Internal Review Refuted Grizzly Allegations

German Finance Minister Lars Klingbeil and UniCredit SpA Chief Executive Officer Andrea Orcel will meet for the first time next month, marking another win for the Italian executive in his pursuit of Commerzbank AG.

During four decades in Italian finance, Luigi Lovaglio has seen it all. But his latest pitch as chief executive officer of Banca Monte dei Paschi di Siena SpA is bold even by the standards of this veteran banker: a twin takeover worth about €34 billion ($40 billion).

Banco Santander SA and Centerbridge Partners LP received clearance from the European Commission for joint control of the UK payments group Ebury.

After refocusing Deutsche Bank on its home market, CEO Christian Sewing has emerged as one of the most influential executives in Berlin.

Germany’s fund industry welcomed plans by Chancellor Friedrich Merz for a reform of the retirement system that would require employees to invest part of their income in capital markets.

Germany renewed its staunch opposition to UniCredit SpA’s proposed €39 billion ($45 billion) takeover of Commerzbank AG on the final day of the formal acceptance period.

Commerzbank AG expressed fresh doubts whether the rising acceptance level of UniCredit SpA’s takeover bid is a full reflection of investor support.

UBS Group AG estimated that the now-decided element of new Swiss banking rules will reduce company-wide CET1 capital by $4 billion once fully implemented, as it renewed its critique of the overall reform package.

Commerzbank AG Chief Executive Officer Bettina Orlopp fired back at her counterpart at UniCredit SpA, Andrea Orcel, after he issued a heavy critique of her strategy.